Profund Advisors LLC Has $906,000 Stock Position in The Trade Desk $TTD

Profund Advisors LLC lowered its stake in The Trade Desk (NASDAQ:TTD) by 62.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,874 shares of the technology company’s stock after selling 39,814 shares during the period. Profund Advisors LLC’s holdings in Trade Desk were worth $906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capstone Capital Management Ltd acquired a new stake in Trade Desk in the fourth quarter valued at approximately $525,000. Evergreen Wealth Management LLC raised its stake in Trade Desk by 4.0% during the fourth quarter. Evergreen Wealth Management LLC now owns 16,780 shares of the technology company’s stock worth $637,000 after buying an additional 650 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in Trade Desk by 6.9% during the fourth quarter. Ironwood Investment Counsel LLC now owns 56,625 shares of the technology company’s stock worth $2,149,000 after buying an additional 3,638 shares during the last quarter. North Dakota State Investment Board bought a new stake in Trade Desk in the fourth quarter valued at $581,000. Finally, AlphaCore Capital LLC increased its stake in Trade Desk by 20.4% in the fourth quarter. AlphaCore Capital LLC now owns 5,541 shares of the technology company’s stock valued at $210,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.41% of the stock is currently owned by company insiders.

Trade Desk Stock Up 1.2%

NASDAQ TTD opened at $21.28 on Friday. The company’s 50 day moving average is $22.75 and its 200-day moving average is $30.69. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45. The firm has a market cap of $10.00 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period last year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk announced that its board has initiated a stock repurchase plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTD shares. Rosenblatt Securities reduced their price objective on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Wedbush set a $21.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. Evercore set a $27.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $24.00 target price on shares of Trade Desk in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.61.

Trade Desk Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.