The Trade Desk $TTD Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its holdings in The Trade Desk (NASDAQ:TTD – Free Report) by 82.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,519,793 shares of the technology company’s stock after selling 7,254,486 shares during the period. Brown Advisory Inc.’s holdings in Trade Desk were worth $57,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTD. Elevation Wealth Partners LLC grew its position in Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Trade Desk during the 4th quarter worth $30,000. CVA Family Office LLC boosted its position in shares of Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after purchasing an additional 344 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Trade Desk during the 4th quarter worth $35,000. Finally, Binnacle Investments Inc purchased a new stake in shares of Trade Desk during the 3rd quarter worth $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the subject of several research reports. BMO Capital Markets cut their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. KeyCorp downgraded shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 8th. William Blair downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Finally, Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.91.

Read Our Latest Report on Trade Desk

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is currently owned by corporate insiders.

Trade Desk News Roundup

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