Ironwood Investment Counsel LLC Grows Stock Holdings in The Trade Desk $TTD

Ironwood Investment Counsel LLC raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 63.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 92,713 shares of the technology company’s stock after buying an additional 36,088 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Trade Desk were worth $2,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nicholas Company Inc. raised its position in Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after purchasing an additional 127,049 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Trade Desk by 272.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 50,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Trade Desk by 235.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after purchasing an additional 412,842 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Trade Desk by 21.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 308,982 shares of the technology company’s stock valued at $11,729,000 after purchasing an additional 54,037 shares during the last quarter. Finally, Fulcrum Capital LLC bought a new position in shares of Trade Desk during the 4th quarter valued at approximately $2,604,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $18.59 on Monday. The business’s 50 day moving average price is $19.89 and its 200-day moving average price is $24.77. The Trade Desk has a fifty-two week low of $16.98 and a fifty-two week high of $91.45. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 0.90 and a beta of 1.04.

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

Analyst Ratings Changes

Several analysts recently weighed in on TTD shares. Stifel Nicolaus set a $21.00 price target on Trade Desk in a report on Friday, May 8th. Evercore set a $27.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a research report on Friday, May 8th. Piper Sandler reissued a “neutral” rating and issued a $24.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Finally, Royal Bank Of Canada set a $33.00 target price on shares of Trade Desk and gave the stock an “outperform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.43.

Insiders Place Their Bets

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.41% of the stock is currently owned by insiders.

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.