Greenleaf Trust Makes New Investment in The Trade Desk $TTD

Greenleaf Trust bought a new position in shares of The Trade Desk (NASDAQ:TTD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,245 shares of the technology company’s stock, valued at approximately $234,000.

A number of other institutional investors also recently bought and sold shares of TTD. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the first quarter worth $26,000. Sound Income Strategies LLC lifted its position in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the period. Cloud Capital Management LLC purchased a new position in Trade Desk during the first quarter worth about $27,000. von Borstel & Associates Inc. purchased a new position in Trade Desk during the first quarter worth about $31,000. Finally, West Oak Capital LLC raised its holdings in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after purchasing an additional 350 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Evercore ISI upgraded Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Friday, June 27th. Wells Fargo & Company downgraded Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Hsbc Global Res lowered Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of Trade Desk in a research note on Monday, September 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.94.

Trade Desk Trading Up 1.3%

Shares of TTD opened at $51.55 on Friday. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 2.76 and a beta of 1.38. The stock has a 50 day moving average of $57.09 and a 200-day moving average of $62.86. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.