RFG Advisory LLC Raises Position in The Trade Desk $TTD

RFG Advisory LLC lifted its holdings in The Trade Desk (NASDAQ:TTD) by 58.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,952 shares of the technology company’s stock after purchasing an additional 30,824 shares during the quarter. RFG Advisory LLC’s holdings in Trade Desk were worth $1,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares in the last quarter. Invesco Ltd. grew 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 during the last quarter. Norges Bank acquired a new position in shares of Trade Desk during the fourth quarter valued at about $197,550,000. Federated Hermes Inc. increased its holdings in shares of Trade Desk by 1,041.1% during the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after acquiring an additional 4,298,009 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock valued at $159,739,000 after purchasing an additional 3,666,189 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is owned by corporate insiders.

Trade Desk Trading Up 6.0%

TTD opened at $18.37 on Friday. The Trade Desk has a 12-month low of $16.98 and a 12-month high of $91.45. The firm has a market capitalization of $8.64 billion, a PE ratio of 20.88, a P/E/G ratio of 0.84 and a beta of 1.05. The firm has a 50 day moving average of $21.20 and a two-hundred day moving average of $26.82.

Trade Desk (NASDAQ:TTD) last announced 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 business had revenue of $688.86 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.33 earnings per share. As a group, analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent analyst reports. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Needham & Company LLC decreased their price target on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. UBS Group set a $31.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “hold” rating on shares of Trade Desk in a report on Tuesday, March 17th. Finally, Citigroup reissued a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Hold” and an average target price of $33.91.

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.