Lyell Wealth Management LP Sells 37,522 Shares of The Trade Desk $TTD

Lyell Wealth Management LP decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 48.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the technology company’s stock after selling 37,522 shares during the quarter. Lyell Wealth Management LP’s holdings in Trade Desk were worth $1,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Brighton Jones LLC increased its position in shares of Trade Desk by 3.8% in the fourth 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. Howard Capital Management Inc. boosted its stake in Trade Desk by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after buying an additional 275 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in Trade Desk by 3.6% in the third quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock worth $423,000 after buying an additional 298 shares in the last quarter. Tema Etfs LLC boosted its stake in Trade Desk by 4.1% in the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after buying an additional 302 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its stake in Trade Desk by 3.3% in the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after buying an additional 327 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $18.90 on Friday. The Trade Desk has a 52-week low of $18.37 and a 52-week high of $91.45. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 0.93 and a beta of 1.05. The company’s 50 day moving average price is $21.85 and its 200-day moving average price is $28.35.

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

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TTD shares. Scotiabank set a $20.00 target price on Trade Desk in a research note on Monday, May 11th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Trade Desk in a research note on Thursday, February 26th. Benchmark cut their target price on Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, May 8th. William Blair lowered Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Finally, DA Davidson set a $29.00 target price on Trade Desk and gave the stock a “buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk Company 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.