Counterpoint Mutual Funds LLC Has $4.69 Million Holdings in The Trade Desk $TTD

Counterpoint Mutual Funds LLC boosted its stake in The Trade Desk (NASDAQ:TTD) by 1,464.8% in the first quarter, HoldingsChannel reports. The firm owned 206,722 shares of the technology company’s stock after acquiring an additional 193,511 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Trade Desk were worth $4,691,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Norges Bank acquired a new stake in shares of Trade Desk in the 4th quarter valued at approximately $197,550,000. Federated Hermes Inc. boosted its stake in Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after acquiring an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Trade Desk by 676.6% during the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after acquiring an additional 3,666,189 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after purchasing an additional 3,421,074 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTD. Stifel Nicolaus set a $21.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Royal Bank Of Canada set a $33.00 price target on shares of Trade Desk and gave the stock an “outperform” rating in a research report on Friday, May 8th. Citigroup reissued a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Needham & Company LLC decreased their price target on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Scotiabank set a $20.00 price objective on shares of Trade Desk in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.52.

Trade Desk Stock Performance

NASDAQ TTD opened at $19.10 on Friday. The business has a 50 day simple moving average of $20.76 and a 200 day simple moving average of $26.13. The Trade Desk has a 52-week low of $16.98 and a 52-week high of $91.45. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.92 and a beta of 1.04.

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

About Trade Desk

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.