Profund Advisors LLC Acquires 30,353 Shares of The Trade Desk $TTD

Profund Advisors LLC raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 91.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 63,688 shares of the technology company’s stock after purchasing an additional 30,353 shares during the quarter. Profund Advisors LLC’s holdings in Trade Desk were worth $3,121,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in Trade Desk by 2.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 26,776 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 597 shares during the last quarter. New York Life Investment Management LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth about $2,986,000. RFG Advisory LLC increased its stake in shares of Trade Desk by 94.7% in the 3rd quarter. RFG Advisory LLC now owns 19,280 shares of the technology company’s stock valued at $945,000 after acquiring an additional 9,377 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in shares of Trade Desk by 42.1% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 6,995 shares of the technology company’s stock valued at $349,000 after acquiring an additional 2,074 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Trade Desk by 58.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,416 shares of the technology company’s stock valued at $170,000 after acquiring an additional 1,263 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of several recent analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. BNP Paribas Exane started coverage on shares of Trade Desk in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price objective for the company. Bank of America dropped their price objective on Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Cfra Research cut Trade Desk from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Truist Financial set a $60.00 price target on Trade Desk and gave the stock a “buy” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.91.

Trade Desk Price Performance

TTD opened at $27.04 on Tuesday. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.06 and a beta of 1.10. The business’s 50-day moving average price is $35.83 and its two-hundred day moving average price is $46.88. The Trade Desk has a 1 year low of $26.01 and a 1 year high of $125.80.

Trade Desk declared that its board has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.