Securian Asset Management Inc. Invests $1.06 Million in The Trade Desk $TTD

Securian Asset Management Inc. purchased a new position in shares of The Trade Desk (NASDAQ:TTD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,523 shares of the technology company’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Family Legacy Financial Solutions LLC lifted its stake in Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after purchasing an additional 310 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $28,000. Transce3nd LLC purchased a new position in Trade Desk during the 2nd quarter valued at $28,000. Finally, West Oak Capital LLC boosted its holdings in Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $37.29 on Friday. The company has a 50 day moving average price of $39.80 and a 200-day moving average price of $53.64. The Trade Desk has a fifty-two week low of $35.65 and a fifty-two week high of $126.20. The stock has a market capitalization of $18.03 billion, a PE ratio of 42.86, a PEG ratio of 1.46 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Cantor Fitzgerald set a $43.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a report on Thursday. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Truist Financial reduced their target price on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada set a $80.00 price target on Trade Desk and gave the company an “outperform” rating in a report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.19.

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.