Wedbush Securities Inc. Sells 20,753 Shares of The Trade Desk $TTD

Wedbush Securities Inc. lowered its holdings in The Trade Desk (NASDAQ:TTD) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,872 shares of the technology company’s stock after selling 20,753 shares during the quarter. Wedbush Securities Inc.’s holdings in Trade Desk were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several brokerages recently commented on TTD. Wedbush cut their price objective on Trade Desk from $50.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Moffett Nathanson upgraded Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price target for the company in a research note on Monday, January 12th. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. Cantor Fitzgerald set a $43.00 target price on shares of Trade Desk and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley reduced their target price on shares of Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and an average target price of $61.45.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $25.81 on Monday. The firm’s fifty day moving average is $34.82 and its two-hundred day moving average is $45.20. The Trade Desk has a 52-week low of $25.64 and a 52-week high of $91.45. The company has a market cap of $12.48 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.01 and a beta of 1.10.

Trade Desk announced that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Trade Desk Company 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.