Norges Bank Purchases New Position in The Trade Desk $TTD

Norges Bank acquired a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,741,526 shares of the technology company's stock, valued at approximately $197,362,000. Norges Bank owned about 0.56% of Trade Desk as of its most recent SEC filing.

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Other institutional investors also recently made changes to their positions in the company. Cornerstone Wealth Group LLC increased its stake in shares of Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company's stock worth $321,000 after purchasing an additional 122 shares during the period. STF Management LP boosted its stake in Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company's stock valued at $477,000 after purchasing an additional 136 shares during the period. Mutual Advisors LLC grew its holdings in Trade Desk by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company's stock valued at $305,000 after buying an additional 142 shares in the last quarter. Ashton Thomas Securities LLC increased its position in Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock worth $315,000 after buying an additional 144 shares during the period. Finally, Tradition Wealth Management LLC increased its position in Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after buying an additional 150 shares during the period. Institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by company insiders.

Trade Desk Price Performance

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Shares of NASDAQ:TTD opened at $39.58 on Tuesday. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $141.53. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company's 50 day simple moving average is $47.25 and its 200 day simple moving average is $60.42.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to analysts' expectations of $719.11 million. During the same period in the prior year, the company earned $0.41 earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

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Trade Desk declared that its board has approved a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America reissued an "underperform" rating and issued a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Truist Financial dropped their price objective on shares of Trade Desk from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada set a $80.00 target price on shares of Trade Desk and gave the stock an "outperform" rating in a research report on Friday, November 7th. Wedbush reaffirmed a "neutral" rating and set a $50.00 target price on shares of Trade Desk in a report on Friday, November 7th. Finally, Morgan Stanley downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $80.00 to $50.00 in a research report on Wednesday, September 10th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.19.

Get Our Latest Stock Analysis on Trade Desk

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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