Allspring Global Investments Holdings LLC Has $43.46 Million Position in The Trade Desk $TTD

Allspring Global Investments Holdings LLC increased its stake in The Trade Desk (NASDAQ:TTD) by 36.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 591,316 shares of the technology company’s stock after purchasing an additional 159,460 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Trade Desk were worth $43,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. Brighton Jones LLC lifted its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC lifted its holdings in Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Trade Desk by 120.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,916 shares of the technology company’s stock worth $224,000 after purchasing an additional 2,141 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Trade Desk in the 1st quarter worth approximately $995,000. Finally, QRG Capital Management Inc. increased its position in Trade Desk by 7.4% in the 1st quarter. QRG Capital Management Inc. now owns 56,761 shares of the technology company’s stock worth $3,106,000 after buying an additional 3,935 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $50.73 on Wednesday. The business’s fifty day moving average price is $52.27 and its two-hundred day moving average price is $62.61. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 61.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTD shares. Weiss Ratings restated a “hold (c)” rating on shares of Trade Desk in a research note on Wednesday, October 8th. JMP Securities set a $60.00 target price on shares of Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of Trade Desk from a “hold” rating to a “sell” rating in a research note on Monday, September 1st. Finally, BMO Capital Markets cut their target price on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.48.

Insiders Place Their Bets

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% 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 hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Trade Desk 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.