CIBC Bancorp USA Inc. Takes Position in The Trade Desk $TTD

CIBC Bancorp USA Inc. purchased a new stake in The Trade Desk (NASDAQ:TTD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 355,522 shares of the technology company’s stock, valued at approximately $17,424,000. CIBC Bancorp USA Inc. owned 0.07% of Trade Desk as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Trade Desk by 0.7% during 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 period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Trade Desk by 62.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock worth $8,515,000 after acquiring an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC grew its holdings in Trade Desk by 19.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock worth $14,192,000 after acquiring an additional 47,539 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Trade Desk by 22.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock worth $71,759,000 after acquiring an additional 185,552 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Trade Desk by 56.8% during the 2nd quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock valued at $64,442,000 after purchasing an additional 324,173 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 0.2%

Shares of Trade Desk stock opened at $23.51 on Friday. The company has a market cap of $11.37 billion, a P/E ratio of 26.12, a PEG ratio of 0.93 and a beta of 1.13. The firm’s 50 day moving average price is $28.98 and its 200-day moving average price is $39.29. The Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $846.79 million during the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. During the same quarter in the prior year, the company posted $0.59 earnings per share. Trade Desk’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a share repurchase plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BNP Paribas Exane initiated coverage on shares of Trade Desk in a report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Cannonball Research raised shares of Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Wolfe Research restated an “outperform” rating and set a $45.00 target price (down from $60.00) on shares of Trade Desk in a report on Monday, January 5th. Finally, Wedbush reaffirmed an “underperform” rating and set a $23.00 target price on shares of Trade Desk in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.94.

Key Headlines Impacting Trade Desk

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

• Positive Sentiment: CEO insider buying and management conviction (large Jeff Green share purchase) provide signal of management confidence; this has supported some investor interest despite the selloff. Trade Desk Down After Publicis Audit, Kokai Concerns And CEO Share Buying
• Positive Sentiment: TTD is doubling down on AI (Kokai) to sharpen ad performance and productivity — a potential medium‑term competitive edge if adoption scales. Why is The Trade Desk Betting Big on AI to Power Its Core Advantage?
• Positive Sentiment: Arete Research upgraded TTD recently, indicating some pockets of analyst optimism amid the turmoil. Arete Research Upgrade
• Neutral Sentiment: Recent quarterly results broadly met expectations (EPS in line, modest revenue beat and ~14% YoY revenue growth), which reduces surprise risk from fundamentals for now. Is It Time To Reassess Trade Desk After Share Price Slide
• Neutral Sentiment: Analyst commentary and industry primers outline the competitive landscape and TTD’s strategy, offering mixed views on adtech secular trends versus platform concentration at Google/Meta. Analysts Offer Insights on Communication Services Companies
• Negative Sentiment: Publicis audit and advisory: reports that Publicis warned clients against using TTD after an audit found issues (fees/billing/AI behavior) are the primary catalyst for the recent pullback and heightened client‑retention risk. Trade Desk Drops After Publicis Advised Clients Against Using Its Platform
• Negative Sentiment: Multiple analyst downgrades and lower price targets (Stifel, Jefferies, Rosenblatt reactions) have amplified selling and trimmed near‑term expectations. Downgrades Worsen TTD Year
• Negative Sentiment: Jefferies and others warn the Publicis fallout could jeopardize a meaningful portion of revenue (reports suggest ~10% near‑term exposure), raising growth risk assumptions. Jefferies Flags Growth Risks After Publicis Audit
• Negative Sentiment: Large investors trimming exposure (e.g., Baron Opportunity Fund sold its stake) adds to selling pressure from institutions. Baron Opportunity Fund Sold Stake

Insider Activity at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.00% of the company’s stock.

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.