Sound Income Strategies LLC Boosts Stake in The Trade Desk $TTD

Sound Income Strategies LLC raised its holdings in The Trade Desk (NASDAQ:TTD) by 317.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 355 shares of the technology company’s stock after acquiring an additional 270 shares during the period. Sound Income Strategies LLC’s holdings in Trade Desk were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TTD. Banque Cantonale Vaudoise acquired a new position in Trade Desk in the 1st quarter valued at $26,000. Cloud Capital Management LLC acquired a new stake in shares of Trade Desk during the 1st quarter worth $27,000. von Borstel & Associates Inc. acquired a new stake in shares of Trade Desk during the 1st quarter worth $31,000. West Oak Capital LLC increased its holdings in shares of Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after buying an additional 350 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Trade Desk during the 1st quarter worth $35,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

NASDAQ:TTD opened at $50.88 on Friday. The firm has a 50-day moving average of $57.78 and a two-hundred day moving average of $62.82. The stock has a market cap of $24.88 billion, a P/E ratio of 61.30, a PEG ratio of 2.64 and a beta of 1.38. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on TTD shares. Wedbush restated an “outperform” rating and set a $86.00 price objective on shares of Trade Desk in a report on Tuesday, July 15th. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Trade Desk in a report on Monday, September 8th. Piper Sandler dropped their price objective on Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Moffett Nathanson downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, August 8th. Finally, Bank of America reiterated an “underperform” rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.94.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Trade Desk Profile

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.