Arrowroot Family Office LLC Takes Position in The Trade Desk $TTD

Arrowroot Family Office LLC purchased a new stake in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,283 shares of the technology company’s stock, valued at approximately $308,000.

Several other hedge funds have also added to or reduced their stakes in TTD. Brown Advisory Inc. lifted its holdings in Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC acquired a new stake in Trade Desk during the 1st quarter valued at $191,935,000. Jennison Associates LLC lifted its holdings in Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after purchasing an additional 2,169,252 shares during the last quarter. Vanguard Group Inc. raised its holdings in Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Trade Desk by 255.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after acquiring an additional 1,262,492 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of Trade Desk in a report on Monday, September 8th. BTIG Research cut shares of Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. Bank of America reissued an “underperform” rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. KeyCorp increased their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Zacks Research cut shares of Trade Desk from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Hold” and an average price target of $84.48.

Trade Desk Trading Down 3.8%

NASDAQ TTD opened at $47.24 on Wednesday. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 2.62 and a beta of 1.43. The firm’s 50 day simple moving average is $50.32 and its 200 day simple moving average is $62.88. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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

Insider Buying and Selling

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated 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 sale, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 10.00% of the company’s stock.

About Trade Desk

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.