CIBC Asset Management Inc Sells 110,679 Shares of The Trade Desk $TTD

CIBC Asset Management Inc trimmed its stake in The Trade Desk (NASDAQ:TTD) by 44.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,920 shares of the technology company’s stock after selling 110,679 shares during the period. CIBC Asset Management Inc’s holdings in Trade Desk were worth $6,808,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after buying an additional 317,107 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Trade Desk by 327.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock valued at $80,732,000 after acquiring an additional 858,978 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Trade Desk by 22.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock valued at $71,759,000 after purchasing an additional 185,552 shares during the last quarter. Schroder Investment Management Group boosted its stake in Trade Desk by 56.8% in the 2nd quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock worth $64,442,000 after purchasing an additional 324,173 shares in the last quarter. Finally, Pointe Capital Management LLC purchased a new stake in Trade Desk during the 2nd quarter worth approximately $8,246,000. Institutional investors own 67.77% of the company’s stock.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Rosenblatt kept a “buy” rating despite cutting its price target (from $64 to $53), signaling some analysts still see material upside. Rosenblatt PT cut
• Positive Sentiment: CFRA reaffirmed a “hold” and set a $40 price target, implying upside from current levels and suggesting some analysts see the pullback as an opportunity. CFRA rating
• Neutral Sentiment: The company named longtime Chief Accounting Officer Tahnil Davis as interim CFO, which provides continuity because she’s been at The Trade Desk nearly 11 years. This should limit disruption but doesn’t remove uncertainty about a permanent hire. Interim CFO announcement
• Neutral Sentiment: The company updated Q4 FY2025 guidance with revenue roughly in line with consensus (~$840M vs ~$841.4M), implying no major near-term fundamental shock from operations. (Company update)
• Negative Sentiment: Sudden resignation of CFO Alex Kayyal triggered analyst downgrades and selling pressure; coverage notes this is the second CFO transition in under six months and heightened governance/leadership concerns. Fool: CFO exit
• Negative Sentiment: Citigroup cut its price target from $50 to $38 and moved to “neutral,” joining other firms that trimmed targets/ratings — analyst cuts amplify downside in the short term. Citigroup PT cut
• Negative Sentiment: Market reaction: shares hit a new 52-week low on heightened volume as sentiment-driven selling overwhelmed fundamentals on the news. 52-week low

Trade Desk Stock Down 4.8%

Trade Desk stock opened at $32.19 on Wednesday. The business’s 50-day moving average price is $37.75 and its 200 day moving average price is $50.20. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 1.33 and a beta of 1.11. The Trade Desk has a 52 week low of $31.83 and a 52 week high of $125.80.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities analysts expect that The Trade Desk will post 1.06 EPS for the current year.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus set a $74.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a report on Friday. Cannonball Research upgraded Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Wolfe Research reiterated an “outperform” rating and set a $45.00 price target (down previously from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Citigroup cut their price objective on Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Cantor Fitzgerald set a $43.00 target price on Trade Desk and gave the stock a “neutral” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and an average price target of $65.53.

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.