Silvant Capital Management LLC Sells 48,933 Shares of The Trade Desk $TTD

Silvant Capital Management LLC reduced its holdings in shares of The Trade Desk (NASDAQ:TTD) by 46.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,310 shares of the technology company’s stock after selling 48,933 shares during the quarter. Silvant Capital Management LLC’s holdings in Trade Desk were worth $2,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Trade Desk by 13.7% during the 3rd quarter. Legal & General Group Plc now owns 2,442,510 shares of the technology company’s stock worth $119,707,000 after purchasing an additional 294,402 shares in the last quarter. Fieldview Capital Management LLC bought a new stake in shares of Trade Desk during the third quarter valued at about $925,000. Inceptionr LLC lifted its holdings in shares of Trade Desk by 151.9% in the third quarter. Inceptionr LLC now owns 8,663 shares of the technology company’s stock worth $425,000 after buying an additional 5,224 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Trade Desk by 23.2% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,692 shares of the technology company’s stock valued at $279,000 after acquiring an additional 1,073 shares during the period. Finally, Rathbones Group PLC boosted its position in shares of Trade Desk by 65.9% in the third quarter. Rathbones Group PLC now owns 37,879 shares of the technology company’s stock valued at $1,856,000 after acquiring an additional 15,045 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $27.28 on Thursday. The Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.09 and a beta of 1.13. The firm has a 50 day moving average price of $30.54 and a 200-day moving average price of $40.37.

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

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Trade Desk from $74.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Citigroup decreased their price target on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a research note on Thursday, February 26th. Rosenblatt Securities dropped their price target on Trade Desk from $53.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Morgan Stanley cut their price objective on Trade Desk from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Hold” and a consensus target price of $43.45.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

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.