Havemeyer Place LP Takes Position in The Trade Desk $TTD

Havemeyer Place LP purchased a new stake in The Trade Desk (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,470 shares of the technology company’s stock, valued at approximately $2,144,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in shares of Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares during the period. Binnacle Investments Inc acquired a new position in shares of Trade Desk in the 3rd quarter valued at $37,000. Y.D. More Investments Ltd grew its holdings in shares of Trade Desk by 92.3% in the 3rd quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company’s stock valued at $38,000 after buying an additional 369 shares during the period. Albion Financial Group UT acquired a new position in shares of Trade Desk in the 4th quarter valued at $30,000. Finally, Caitlin John LLC acquired a new position in shares of Trade Desk in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 5.1%

TTD opened at $19.95 on Friday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 22.67, a P/E/G ratio of 0.97 and a beta of 1.05. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45. The firm’s fifty day simple moving average is $22.05 and its 200 day simple moving average is $29.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 25th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Moffett Nathanson reissued a “neutral” rating and issued a $32.00 price target on shares of Trade Desk in a report on Thursday, February 26th. Wells Fargo & Company set a $20.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Trade Desk in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.91.

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.