Caprock Group LLC Purchases Shares of 21,734 The Trade Desk $TTD

Caprock Group LLC acquired a new position in shares of The Trade Desk (NASDAQ:TTD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,734 shares of the technology company’s stock, valued at approximately $1,065,000.

Other institutional investors also recently modified their holdings of the company. STF Management LP grew its stake in shares of Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after buying an additional 136 shares during the period. Mutual Advisors LLC grew its stake in Trade Desk by 3.5% in 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 period. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% during 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. CVA Family Office LLC raised its position in shares of Trade Desk by 37.2% during the second quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock worth $47,000 after purchasing an additional 178 shares during the period. Finally, M&T Bank Corp raised its position in shares of Trade Desk by 0.7% during the second quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock worth $1,987,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent research reports. UBS Group restated a “buy” rating and set a $50.00 price target (down previously from $82.00) on shares of Trade Desk in a research note on Tuesday, January 20th. Wells Fargo & Company set a $42.00 target price on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Monday, January 12th. Royal Bank Of Canada set a $80.00 price target on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, November 7th. 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. Finally, Stifel Nicolaus set a $74.00 price objective on Trade Desk and gave the stock a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.45.

Trade Desk Stock Performance

NASDAQ TTD opened at $25.81 on Monday. The company has a market capitalization of $12.48 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The Trade Desk has a 52-week low of $25.64 and a 52-week high of $91.45. The company has a 50-day simple moving average of $34.82 and a 200 day simple moving average of $45.20.

Trade Desk declared that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are 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.