Atlantic Union Bankshares Corp Buys New Stake in The Trade Desk $TTD

Atlantic Union Bankshares Corp bought a new stake in shares of The Trade Desk (NASDAQ:TTD) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 35,507 shares of the technology company’s stock, valued at approximately $2,556,000.

Several other hedge funds also recently bought and sold shares of the stock. EFG Asset Management North America Corp. raised its holdings in shares of Trade Desk by 6.2% in the second quarter. EFG Asset Management North America Corp. now owns 42,694 shares of the technology company’s stock worth $3,073,000 after acquiring an additional 2,493 shares during the last quarter. Moors & Cabot Inc. raised its stake in Trade Desk by 2.2% in the 2nd quarter. Moors & Cabot Inc. now owns 14,869 shares of the technology company’s stock valued at $1,070,000 after purchasing an additional 313 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its stake in Trade Desk by 2.8% in the 2nd quarter. Cherry Creek Investment Advisors Inc. now owns 53,466 shares of the technology company’s stock valued at $3,849,000 after purchasing an additional 1,431 shares during the last quarter. Arrowroot Family Office LLC purchased a new position in Trade Desk in the 2nd quarter valued at about $308,000. Finally, Ellevest Inc. boosted its stake in shares of Trade Desk by 4.1% during the 2nd quarter. Ellevest Inc. now owns 11,780 shares of the technology company’s stock worth $848,000 after purchasing an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 6.3%

TTD opened at $43.00 on Friday. The stock has a fifty day moving average price of $49.80 and a 200 day moving average price of $62.63. The Trade Desk has a 1 year low of $41.77 and a 1 year high of $141.53. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.49 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 15.73%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TTD shares. Moffett Nathanson downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price target for the company. in a report on Friday, August 8th. Zacks Research cut shares of Trade Desk from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Hsbc Global Res downgraded Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Piper Sandler reduced their price target on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Trade Desk in a research report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.48.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction 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 directly owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

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.