The Trade Desk $TTD Position Increased by Cibc World Market Inc.

Cibc World Market Inc. grew its holdings in shares of The Trade Desk (NASDAQ:TTD) by 740.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,200 shares of the technology company’s stock after purchasing an additional 93,562 shares during the period. Cibc World Market Inc.’s holdings in Trade Desk were worth $5,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC raised its stake in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the period. Versant Capital Management Inc grew its holdings in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $28,000. Finally, Transce3nd LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $28,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $25.81 on Friday. The Trade Desk has a 12-month low of $25.64 and a 12-month high of $91.45. The stock 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 firm has a 50 day simple moving average of $34.82 and a 200-day simple moving average of $45.49.

Trade Desk declared that its board has authorized a stock buyback plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TTD shares. Citizens Jmp lowered Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Benchmark raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, November 7th. Evercore reduced their target price on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. DA Davidson decreased their target price on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Bank of America cut their price target on Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.45.

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.