Inside the research
The Trade Desk, Inc.
TTD Research profile · latest available data
Price overview
$12.60
▼ -0.03 (-0.2%)
| 52w hi | $54.13 |
|---|---|
| 52w lo | $12.60 |
| Vol | 14.48M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.37
| Short | -0.48 |
|---|---|
| Medium | -0.37 |
| Long | -0.16 |
computed 2026-09-27
Key fundamentals
The Trade Desk, Inc.
Communication Services · Advertising Agencies
| Market cap | $5.96B |
|---|---|
| Enterprise value | $4.87B |
| Trailing P/E | 0.15x |
| Forward P/E | 12.48x |
| EV / EBITDA | 6.98x |
| P / S (ttm) | 1.99x |
| Profit margin | 13.6% |
| Return on equity | 15.4% |
| Revenue growth | +3.0% |
| Earnings growth | -23.6% |
| Debt / equity | 16.86 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.19 | |
| Sector | +0.03 | |
| Technical | -0.38 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It provides data and other value-added services. It serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
Risk Metrics
| Beta vs SPX | 1.36 |
|---|---|
| Corr SPX | 0.33 |
| Annual vol | 65.8% |
| Annual ret | -84.1% |
| Sharpe | -1.28 |
| Max DD | -91.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $27.24 |
|---|---|
| High / Low | $47.00 / $17.00 |
| Median | $25.00 |
| Analysts | 33 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 15 | |
| Hold | 18 | |
| Sell | 1 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-08 | William Blair | → Market Perform |
| 2026-05-08 | Wells Fargo | → Equal-Weight |
| 2026-05-08 | Wedbush | → Neutral |
| 2026-05-08 | Truist Securities | → Buy |
| 2026-05-08 | Rosenblatt | → Neutral |
| 2026-05-08 | RBC Capital | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-06 | Earnings Release, Exhibits | read |
| 2026-07-13 | Officer / Director Change, Exhibits | read |
| 2026-06-09 | Officer / Director Change, Exhibits | read |
| 2026-06-01 | Officer / Director Change, Exhibits | read |
| 2026-05-29 | Officer / Director Change | read |
| 2026-05-08 | Officer / Director Change | read |
| 2026-05-08 | Shareholder Vote | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-04-20 | Material Agreement, Material Obligation | read |
| 2026-04-06 | Officer / Director Change | read |
| 2026-03-25 | Listing Notice, Officer / Director Change… | read |
| 2026-03-09 | Officer / Director Change | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-09 | Olmstead Nathan | Chief Financial Officer | Grant | 246.06K | — |
| 2026-06-11 | Haddad David Alan | Grant | 11.82K | — | |
| 2026-06-11 | Haddad David Alan | Grant | 13.19K | — | |
| 2026-05-28 | Jacobson Samantha | Sell | 53.68K | $1.13M | |
| 2026-05-24 | Jacobson Samantha | Grant | 12.48K | — | |
| 2026-05-18 | Jacobson Samantha | Chief Strategy Officer | Disposal | 156.75K | — |
| 2026-05-18 | Jacobson Samantha | Chief Strategy Officer | Disposal | 30.04K | — |
| 2026-05-18 | Jacobson Samantha | Chief Strategy Officer | Disposal | 9.59K | — |
| 2026-05-18 | Jacobson Samantha | Chief Strategy Officer | Disposal | 61.78K | — |
| 2026-05-15 | Kundra Vivek | Chief Operating Officer | Withheld for tax | 3.15K | $66.54K |
Flow & Concentration
| Insider 180d net | -$1.13M |
|---|---|
| Insider buys / sells | 0 / 1 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 97.1% |
| HHI | 3,373 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $565.65M | 31.29M |
| Citadel Advisors | $217.44M | 12.03M |
| Renaissance Technologies | $126.96M | 7.02M |
| Millennium Management | $81.78M | 4.52M |
| Capital Research / Capital World | $57.33M | 3.17M |
| Fidelity / FMR LLC | $29.80M | 1.65M |
| AQR Capital Management | $2.02M | 114.42K |
| T. Rowe Price Group | $11.69K | 646.66K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2016–2025 · 10 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.90B | +37.7% | |
| Operating income | $589.32M | +29.5% | |
| Net income | $443.30M | +44.7% | |
| Cash from ops | $598.32M | +31.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $12.56 | $12.77 | $12.49 | $12.60 | 14.48M |
| Sep 24 | $12.75 | $12.85 | $12.49 | $12.63 | 18.93M |
| Sep 23 | $13.16 | $13.17 | $12.58 | $12.68 | 28.11M |
| Sep 22 | $14.03 | $14.05 | $13.15 | $13.18 | 29.61M |
| Sep 21 | $14.06 | $14.23 | $13.82 | $13.88 | 21.87M |
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