The Trade Desk $TTD Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its position in The Trade Desk (NASDAQ:TTD) by 49.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,541 shares of the technology company’s stock after selling 32,409 shares during the period. Wealthfront Advisers LLC’s holdings in Trade Desk were worth $1,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC increased its holdings in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares in the last quarter. Woodline Partners LP raised its position in Trade Desk by 75.5% during the first 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 last quarter. CWM LLC raised its position in Trade Desk by 13.3% during the second quarter. CWM LLC now owns 17,837 shares of the technology company’s stock worth $1,284,000 after acquiring an additional 2,096 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Trade Desk by 17.5% in the second quarter. Sequoia Financial Advisors LLC now owns 14,719 shares of the technology company’s stock valued at $1,060,000 after purchasing an additional 2,197 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Down 1.3%

Shares of Trade Desk stock opened at $25.81 on Friday. The Trade Desk has a fifty-two week low of $25.64 and a fifty-two week high of $91.45. The business’s fifty day moving average is $34.82 and its two-hundred day moving average is $45.49. The firm has a market cap of $12.48 billion, a PE ratio of 29.67, a P/E/G ratio of 1.01 and a beta of 1.10.

Trade Desk announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TTD shares. BNP Paribas Exane started coverage on shares of Trade Desk in a research note on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective for the company. Rosenblatt Securities lowered their target price on Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. UBS Group reissued a “buy” rating and issued a $50.00 price target (down from $82.00) on shares of Trade Desk in a report on Tuesday, January 20th. Citizens Jmp downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Finally, Morgan Stanley decreased their price objective on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.