Capital Impact Advisors LLC Acquires Shares of 159,395 The Trade Desk $TTD

Capital Impact Advisors LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) during the third quarter, HoldingsChannel reports. The firm bought 159,395 shares of the technology company’s stock, valued at approximately $7,812,000. Trade Desk makes up about 1.7% of Capital Impact Advisors LLC’s holdings, making the stock its 27th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC increased its holdings in shares of Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after acquiring an additional 310 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after buying an additional 334 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Trade Desk in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Trade Desk in the second quarter worth $28,000. Finally, Transce3nd LLC bought a new position in Trade Desk during the second quarter worth $28,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD stock opened at $27.34 on Friday. The Trade Desk has a 52 week low of $21.08 and a 52 week high of $91.45. The stock has a market capitalization of $13.22 billion, a PE ratio of 30.38, a PEG ratio of 1.08 and a beta of 1.13. The stock’s fifty day moving average is $30.11 and its 200-day moving average is $40.01.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares of the company’s stock, valued at approximately $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TTD shares. KeyCorp reduced their price target on shares of Trade Desk from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. UBS Group cut their price objective on shares of Trade Desk from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Morgan Stanley reduced their target price on shares of Trade Desk from $42.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Evercore restated an “outperform” rating on shares of Trade Desk in a research note on Monday, February 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $50.00 price target (down from $55.00) on shares of Trade Desk in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average target price of $43.45.

About Trade Desk

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.