Marathon Trading Investment Management LLC Purchases New Stake in The Trade Desk $TTD

Marathon Trading Investment Management LLC purchased a new stake in shares of The Trade Desk (NASDAQ:TTD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 37,622 shares of the technology company’s stock, valued at approximately $1,428,000.

Several other institutional investors and hedge funds have also made changes to their positions in TTD. Elevation Wealth Partners LLC raised its position in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares in the last quarter. Albion Financial Group UT bought a new stake in Trade Desk in the fourth quarter valued at $30,000. CVA Family Office LLC boosted its holdings in shares of Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after acquiring an additional 344 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Trade Desk during the fourth quarter valued at $35,000. Finally, Binnacle Investments Inc bought a new position in shares of Trade Desk during the third quarter worth about $37,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Rosenblatt Securities lowered their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Scotiabank set a $20.00 price target on shares of Trade Desk in a research report on Monday, May 11th. Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. Wells Fargo & Company set a $20.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. 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 five have assigned a Sell rating to the company. According to MarketBeat, Trade Desk has a consensus rating of “Hold” and a consensus target price of $33.91.

Trade Desk Stock Performance

Shares of TTD opened at $19.28 on Monday. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.05. The Trade Desk has a one year low of $18.31 and a one year high of $91.45. The stock’s fifty day moving average is $21.79 and its 200-day moving average is $28.21.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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%. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Analysts forecast 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 outstanding shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.41% of the company’s stock.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: The Trade Desk and Publicis have resolved their months-long dispute over DSP/ad-tech fees, removing an overhang that had worried investors and could help normalize relationships with a major agency partner. Trade Desk Makes Peace With Publicis Over Ad-Tech Fees – Retail Says This May Be A Turning Point
• Positive Sentiment: The company appointed Sarah Gavin as Chief Marketing Officer and EVP, a move that could strengthen branding, customer engagement, and demand generation as The Trade Desk tries to improve its market position. The Trade Desk Appoints Sarah Gavin as Chief Marketing Officer, Executive Vice President
• Positive Sentiment: The company also added gaming/media veteran David Haddad to its board, which may help with strategic relationships and product direction across streaming, gaming, and digital media. Trade Desk Adds Gaming Veteran To Board As Shares Trade Below Targets
• Neutral Sentiment: Several commentary pieces argue the stock may be cheap after its steep decline, but they also highlight valuation and execution risks, so sentiment remains divided. Down 86%, Is The Trade Desk Stock a Generational Buying Opportunity?
• Negative Sentiment: Analysts and market coverage continue to emphasize that TTD is still in a downtrend and has hit new 52-week lows, reflecting ongoing concern about growth durability and competitive pressure. The Trade Desk Stock Hits 52-Week Lows: What’s Going On?
• Negative Sentiment: One Seeking Alpha article argues The Trade Desk is cheap but still faces expensive risks, reinforcing skepticism that the recent rebound will be sustained. The Trade Desk: Cheap Stock, Expensive Risks; Time To Exit

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.