TRADE DESK, INC.
In the published model solve dated 2026-Q2, anchored at $13.60, TRADE DESK, INC. (TTD) is priced for +15.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 7, 2026 from SEC EDGAR filings.
• Growth has stopped being the story: revenue rose 3% to 715 million dollars in the June 2026 quarter against 19% in the same quarter a year earlier, and third-quarter guidance of at least 650 million dollars sits below the 739.4 million the company reported for the September quarter of 2025 [Source: Q2 2026 earnings release, August 6, 2026]. • Customer retention has stayed above 95% for over a decade, which is the one number that has not moved and the reason the platform still matters to the bu
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750 institutional managers reported holding TTD in 13F filings for the quarter ended 2026-03-31. Together they hold about 77% of the company; the top 10 hold 43%. 88 opened new positions that quarter. Held by Vanguard Group, State Street, BlackRock, among others. On the short side, 73.0M shares were sold short as of the 2026-06-15 count, about 15% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TTD's share count is about flat over the past five years ($2.43B of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $2.09B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TTD over the trailing three years: 2026: 4 buys totaling $148.10M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TTD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -9.6% | +9.6% |
| 2023-11-10 | -18.8% | +4.6% |
| 2024-02-16 | +19.7% | -13.1% |
| 2024-05-11 | -1.1% | +14.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TTD's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-07-13 (items 5.02, 9.01); 2026-06-09 (items 5.02, 9.01); 2026-06-01 (items 5.02, 9.01); 2026-05-29 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.