New York State Teachers Retirement System Buys 35,121 Shares of The Trade Desk $TTD

New York State Teachers Retirement System lifted its stake in shares of The Trade Desk (NASDAQ:TTD) by 11.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 329,028 shares of the technology company’s stock after buying an additional 35,121 shares during the quarter. New York State Teachers Retirement System’s holdings in Trade Desk were worth $7,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Elevation Wealth Partners LLC grew its stake in 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 last quarter. Binnacle Investments Inc acquired a new stake in Trade Desk during the third quarter worth approximately $37,000. Albion Financial Group UT acquired a new stake in Trade Desk during the fourth quarter worth approximately $30,000. CVA Family Office LLC lifted its position in Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after acquiring an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Trade Desk during the fourth quarter worth approximately $35,000. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Oppenheimer downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a report on Friday, May 8th. Piper Sandler reiterated a “neutral” rating and set a $24.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. Finally, Morgan Stanley set a $26.00 target price on Trade Desk in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.52.

Insider Transactions at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk 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 directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.41% of the stock is owned by company insiders.

Trade Desk Trading Up 0.1%

Trade Desk stock traded up $0.01 during trading hours on Tuesday, reaching $19.32. 1,953,930 shares of the stock were exchanged, compared to its average volume of 19,038,920. The Trade Desk has a twelve month low of $16.98 and a twelve month high of $91.45. The company has a market cap of $9.08 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The stock has a 50 day moving average of $20.69 and a two-hundred day moving average of $25.94.

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

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.