Principal Financial Group Inc. Has $12.10 Million Position in The Trade Desk $TTD

Principal Financial Group Inc. increased its stake in The Trade Desk (NASDAQ:TTD) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,146 shares of the technology company’s stock after purchasing an additional 44,096 shares during the period. Principal Financial Group Inc. owned 0.11% of Trade Desk worth $12,097,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TTD. Albion Financial Group UT bought a new position in Trade Desk in the 4th quarter valued at $30,000. Root Financial Partners LLC raised its position in shares of Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after acquiring an additional 906 shares during the last quarter. CVA Family Office LLC raised its position in shares of 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. Bayforest Capital Ltd acquired a new position in shares of Trade Desk during the fourth quarter valued at $35,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Trade Desk during the first quarter valued at $36,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TTD. Rothschild & Co Redburn assumed coverage on Trade Desk in a report on Thursday, May 28th. They issued a “sell” rating and a $11.00 price target on the stock. Piper Sandler reissued a “neutral” rating and set a $24.00 price objective on shares of Trade Desk in a report on Friday, May 8th. KeyCorp downgraded shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Finally, Guggenheim lowered their price target on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.43.

Trade Desk Stock Up 3.0%

NASDAQ:TTD opened at $17.29 on Friday. The Trade Desk has a 12-month low of $16.70 and a 12-month high of $91.45. The firm has a market capitalization of $8.13 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.81 and a beta of 1.04. The stock’s fifty day simple moving average is $19.57 and its 200-day simple moving average is $24.16.

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

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.