The Trade Desk $TTD Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV cut its stake in shares of The Trade Desk (NASDAQ:TTD) by 56.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 29,213 shares of the technology company’s stock after selling 37,160 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Trade Desk were worth $1,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Group LLC raised its position in shares of Trade Desk by 2.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after purchasing an additional 122 shares during the last quarter. STF Management LP increased its stake in Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after buying an additional 136 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after acquiring an additional 142 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Trade Desk by 37.2% in the second quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock worth $47,000 after acquiring an additional 178 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTD. Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the company a “hold” rating in a research note on Thursday, December 11th. Cfra reaffirmed a “hold” rating and set a $40.00 target price on shares of Trade Desk in a report on Tuesday, January 27th. Citizens Jmp downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. BNP Paribas Exane started coverage on shares of Trade Desk in a research note on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Wolfe Research reiterated an “outperform” rating and issued a $45.00 price objective (down previously from $60.00) on shares of Trade Desk in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.91.

Trade Desk Price Performance

Shares of TTD stock opened at $27.03 on Monday. The company has a market capitalization of $13.07 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The firm’s 50-day moving average is $36.08 and its two-hundred day moving average is $47.29. The Trade Desk has a 12 month low of $26.01 and a 12 month high of $125.80.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

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

About Trade Desk

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.