Parkev Tatevosian, CFA 对 $TTD 的判断变化

Last week, or a little over a week ago, I sold a third of my stake in Tradedesk shares, as I mentioned previously. I mentioned that I bought that stake in Tradedesk shares for about $44 per share , and sold it for about $13 per share at a huge loss .

I said I would sell for the purpose of recovering tax losses, and I would retain two-thirds of my remaining stake in Tradedesk for now , as this has been one of my most disappointing investments in a long time.

The Trade Desk announced revenue growth of only 3% in the last quarter, reaching $715 million. This was a significant slowdown compared to the company's multi-year history of achieving double-digit revenue growth.

Furthermore, management expects the situation to worsen, forecasting that revenues in the third quarter will only reach $650 million . To make matters worse, the management team stated that it is losing a clear vision of future sales in the coming quarters, as it seems to me that customers are hesitant to enter into agreements with "The Trade Desk".