TRADE DESK, INC.
At today's price, TRADE DESK, INC. (TTD) is priced for today's economics sustained for ~11.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• The Trade Desk is the largest independent demand-side platform, where ad buyers run programmatic campaigns, and its structural pitch is neutrality: the FY2025 10-K says it avoids ⟦"the conflicts of interest of our competitors who serve both the buy side and sell side"⟧ (accession 0001671933-26-000014). • The defining event of 2026 is a repricing: the stock fell more than 50 percent in the first half on decelerating growth, a Q2 guide below expectations, executive turnover, and a public dispute
Is TTD overvalued? See what's priced in →
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: 2026-07-13 (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); 2026-05-08 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 11, 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.