Brookstone Capital Management Boosts Stock Position in The Trade Desk $TTD

Brookstone Capital Management raised its stake in The Trade Desk (NASDAQ:TTD) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,215 shares of the technology company’s stock after purchasing an additional 40,100 shares during the quarter. Brookstone Capital Management’s holdings in Trade Desk were worth $7,372,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC raised its position in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after buying an additional 485 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the period. Prudential Financial Inc. lifted its stake in shares of Trade Desk by 50.7% in the 2nd quarter. Prudential Financial Inc. now owns 26,093 shares of the technology company’s stock worth $1,878,000 after acquiring an additional 8,783 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Trade Desk by 1.4% in the second quarter. New York State Common Retirement Fund now owns 224,314 shares of the technology company’s stock valued at $16,148,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTD. Jefferies Financial Group reiterated a “hold” rating on shares of Trade Desk in a research note on Tuesday, March 17th. Needham & Company LLC lowered their price objective on Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Loop Capital cut Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $25.00 in a research report on Thursday, February 26th. Citizens Jmp cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Finally, KeyCorp reduced their price target on Trade Desk from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and a consensus target price of $41.94.

Trade Desk Trading Down 3.1%

Shares of TTD opened at $21.98 on Thursday. The firm’s 50-day moving average is $26.52 and its two-hundred day moving average is $37.43. The Trade Desk has a twelve month low of $21.03 and a twelve month high of $91.45. The firm has a market capitalization of $10.46 billion, a P/E ratio of 24.42, a PEG ratio of 0.90 and a beta of 1.18.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Analysts predict 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 repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares of the company’s stock, valued at approximately $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.