Edgestream Partners L.P. Increases Stock Position in The Trade Desk $TTD

Edgestream Partners L.P. lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 22.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 231,910 shares of the technology company’s stock after purchasing an additional 43,222 shares during the period. Edgestream Partners L.P.’s holdings in Trade Desk were worth $5,262,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Norges Bank purchased a new stake in Trade Desk during the fourth quarter valued at about $197,550,000. Federated Hermes Inc. increased its stake in Trade Desk by 1,041.1% during the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after acquiring an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC increased its stake in Trade Desk by 676.6% during the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after acquiring an additional 3,666,189 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after purchasing an additional 3,421,074 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TTD shares. Morgan Stanley set a $26.00 price objective on Trade Desk in a research note on Friday, May 8th. Needham & Company LLC dropped their target price on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus set a $21.00 target price on shares of Trade Desk in a research report on Friday, May 8th. William Blair lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Finally, KeyCorp cut shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.43.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the firm’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 sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.41% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $18.04 on Friday. The business’s 50-day moving average is $19.25 and its two-hundred day moving average is $23.45. 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 $8.48 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last issued 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). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts anticipate that The Trade Desk will post 1.17 EPS for the current year.

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.