Catalyst Funds Management Pty Ltd Invests $1.59 Million in The Trade Desk $TTD

Catalyst Funds Management Pty Ltd acquired a new stake in shares of The Trade Desk (NASDAQ:TTD) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 42,000 shares of the technology company’s stock, valued at approximately $1,594,000.

A number of other large investors also recently modified their holdings of TTD. State Street Corp lifted its position in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares during the last quarter. Vanguard Group Inc. grew its position in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares during the last quarter. Invesco Ltd. raised its stake in shares of Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of Trade Desk during the second quarter worth approximately $192,524,000. Finally, Barclays PLC lifted its holdings in shares of Trade Desk by 326.5% in the 3rd quarter. Barclays PLC now owns 3,048,438 shares of the technology company’s stock worth $149,404,000 after acquiring an additional 2,333,744 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

More Trade Desk News

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

• Positive Sentiment: The Trade Desk is expanding its retail media strategy through its Audience Unlimited product, which uses proprietary retail data to improve targeting and measurement; early tests reportedly lowered CPMs and boosted conversions, supporting the company’s long-term competitive position. Trade Desk Retail Media Shift And Audience Unlimited Add New Angle
• Positive Sentiment: Another report argues The Trade Desk may be undervalued after recent weakness, suggesting the selloff could create a buying opportunity for investors who remain confident in its longer-term growth story. The Trade Desk: The Best Time To Buy Is When Others Continue To Ignore
• Positive Sentiment: Wall Street remains moderately optimistic about The Trade Desk’s long-term growth prospects despite its weak stock performance over the past year. The Trade Desk Stock Outlook: Is Wall Street Bullish or Bearish

Insider Buying and Selling

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the company’s stock in a transaction that occurred 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 owned 1,946 shares of the company’s stock, valued at $59,255.70. This represents a 98.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTD. Guggenheim reduced their target price on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Evercore set a $27.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Piper Sandler restated a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Needham & Company LLC reduced their price objective on Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.61.

Trade Desk Stock Up 5.2%

Shares of TTD opened at $22.38 on Friday. The firm has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $30.64. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The stock has a market capitalization of $10.52 billion, a P/E ratio of 25.43, a PEG ratio of 1.08 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. Sell-side analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock 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.