The Trade Desk $TTD Stake Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of The Trade Desk (NASDAQ:TTD) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,582 shares of the technology company’s stock after selling 1,642 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Trade Desk were worth $11,128,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TTD. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares during the period. Bison Wealth LLC boosted its position in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the period. Bessemer Group Inc. boosted its position in Trade Desk by 59.3% during the 1st quarter. Bessemer Group Inc. now owns 12,930 shares of the technology company’s stock worth $708,000 after acquiring an additional 4,811 shares during the period. Perigon Wealth Management LLC boosted its position in Trade Desk by 133.0% during the 1st quarter. Perigon Wealth Management LLC now owns 13,003 shares of the technology company’s stock worth $712,000 after acquiring an additional 7,422 shares during the period. Finally, Pure Financial Advisors LLC boosted its position in Trade Desk by 11.1% during the 1st quarter. Pure Financial Advisors LLC now owns 4,944 shares of the technology company’s stock worth $271,000 after acquiring an additional 495 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 3.9%

NASDAQ:TTD opened at $52.00 on Friday. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 62.65, a PEG ratio of 2.78 and a beta of 1.38. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The business’s fifty day moving average price is $50.71 and its 200 day moving average price is $62.73.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTD shares. Wells Fargo & Company set a $53.00 price target on Trade Desk and gave the stock an “equal weight” rating in a research report on Monday, October 6th. JMP Securities set a $60.00 price objective on Trade Desk and gave the company a “market outperform” rating in a report on Tuesday, September 30th. BMO Capital Markets cut their price objective on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Rosenblatt Securities restated a “buy” rating on shares of Trade Desk in a report on Friday, August 8th. Finally, Oppenheimer upped their price objective on Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.48.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.