TTD
The Trade Desk, Inc.
NasdaqGMUSDEQUITY
Communication Services
DELAYED
Sell
-47/100
Last price
11.93
▼ 0.05 (0.42%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
12.00
Prev close
11.98
Day high
12.12
Day low
11.87
Volume
13.88M
Market cap
$5.64B
P/E (TTM)
14.36
52W range
11.74 – 55.11
Day trading desk
Gap from prior close
+0.17%
Prior close 11.98
VWAP
11.93
+0.01% from price
Relative volume
1.04×
Normal
Session range
2.11%
11.87 – 12.12
Position in range
24%
Near session low
ATR (14D)
0.47
3.92% of price
Prior day high
12.06
PDH
Prior day low
11.74
PDL
Bid / ask spread
—
Quote not published
Session volume
24.47M
Avg 23.53M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.08%
-3.0%
1M
-17.39%
-18.5%
3M
-37.49%
-42.0%
6M
-42.42%
-60.6%
YTD
-68.60%
-82.8%
1Y
-76.88%
-93.3%
3Y
-84.75%
-167.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TTD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+2.11M
Net buying
Buy transactions
12
2.16M shares
Sell transactions
1
53.68K shares
Net transactions
+13
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
12.22M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 14, 26 | DAVIS TAHNIL R Officer |
STOCK | 217.23K | $0 | Direct |
| Sep 14, 26 | OLMSTEAD NATHAN Chief Financial Officer |
STOCK | 398.26K | $0 | Direct |
| Sep 14, 26 | GRANT JAY R Officer |
STOCK | 398.26K | $0 | Direct |
| Sep 14, 26 | KUNDRA VIVEK Chief Operating Officer |
STOCK | 724.11K | $0 | Direct |
| Aug 14, 26 | GREEN JEFFREY TERRY Chief Executive Officer |
STOCK | 52.91K | $0 | Direct |
| Jul 9, 26 | OLMSTEAD NATHAN Chief Financial Officer |
STOCK | 246.06K | $0 | Direct |
| Jun 11, 26 | HADDAD DAVID ALAN Director |
STOCK | 25.01K | $0 | Direct |
| May 28, 26 | JACOBSON SAMANTHA Director |
SELL | 53.68K | $1.13M | Direct |
| May 22, 26 | JACOBSON SAMANTHA Director |
STOCK | 12.48K | $0 | Direct |
| May 15, 26 | GREEN JEFFREY TERRY Chief Executive Officer |
STOCK | 52.91K | $0 | Direct |
| May 4, 26 | CUNNINGHAM ANDREA LEE Director |
STOCK | 7.90K | $42.45K | Direct |
| May 4, 26 | VOLLERO ANDREW Director |
STOCK | 12.22K | $0 | Direct |
| May 4, 26 | TAWAKOL OMAR Director |
STOCK | 12.22K | $0 | Direct |
| Apr 2, 26 | CUNNINGHAM ANDREA LEE Director |
STOCK | 48 | $1.23K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BUYER LISE J. |
Director | 107.56K | Stock Award(Grant) |
DAVIS TAHNIL R |
Officer | 459.94K | Stock Award(Grant) |
GRANT JAY R |
Officer | 732.73K | Stock Award(Grant) |
GREEN JEFFREY TERRY |
Chief Executive Officer | 7.61M | Stock Gift |
KAYYAL ALEX |
Chief Financial Officer | 103.95K | Stock Award(Grant) |
KUNDRA VIVEK |
Chief Operating Officer | 958.19K | Stock Award(Grant) |
OLMSTEAD NATHAN |
Chief Financial Officer | 644.32K | Stock Award(Grant) |
RAJARAM GOKUL |
Director | 33.54K | Stock Award(Grant) |
SCHENKEIN LAURA |
Chief Financial Officer | 745.90K | Sale |
WELLS DAVID B |
Director | 66.98K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$5.64B
Enterprise value$4.55B
Revenue (TTM)$2.99B
Gross profit$2.30B
EBITDA$697.98M
Net income$406.89M
EPS (TTM)$0.83
Free cash flow$582.99M
Total cash$1.49B
Total debt$434.11M
Book value / share$5.48
Shares outstanding429.69M
Float416.52M
Short % of float24.17%
Dividend yield0.00%
Beta (5Y)0.99
Valuation & profitability ratios
Trailing P/E14.36
Forward P/E11.81
PEG ratio0.86
Price / sales—
Price / book2.17
EV / revenue1.52
EV / EBITDA6.52
Gross margin76.87%
Operating margin14.21%
Profit margin13.61%
Return on equity15.44%
Return on assets6.25%
Debt / equity16.86
Current ratio1.72
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.90B | $2.44B | $1.95B | $1.58B | +18.5% |
| Operating revenue | $2.90B | $2.44B | $1.95B | $1.58B | +18.5% |
| Cost of revenue | $619.07M | $472.01M | $365.60M | $281.12M | +31.2% |
| Gross profit | $2.28B | $1.97B | $1.58B | $1.30B | +15.4% |
| Research & development | $525.14M | $463.32M | $411.79M | $319.88M | +13.3% |
| Selling, general & admin | $1.16B | $1.08B | $968.25M | $863.14M | +7.4% |
| Total operating expense | $1.69B | $1.55B | $1.38B | $1.18B | +9.2% |
| Operating income | $589.32M | $427.17M | $200.48M | $113.65M | +38.0% |
| Net interest income | $68.72M | $78.84M | $68.51M | $12.76M | -12.8% |
| Pre-tax income | $658.75M | $507.30M | $268.00M | $127.37M | +29.9% |
| Tax provision | $215.45M | $114.23M | $89.06M | $73.98M | +88.6% |
| Net income | $443.30M | $393.08M | $178.94M | $53.38M | +12.8% |
| Net income to common | $443.30M | $393.08M | $178.94M | $53.38M | +12.8% |
| Basic EPS | 0.91 | 0.80 | 0.37 | 0.11 | +13.7% |
| Diluted EPS | 0.90 | 0.78 | 0.36 | 0.11 | +15.4% |
| EBIT | $589.32M | $427.17M | $200.48M | $113.65M | +38.0% |
| EBITDA | $705.11M | $514.66M | $280.90M | $168.08M | +37.0% |
| Basic shares | 488.28M | 490.88M | 489.26M | 486.94M | -0.5% |
| Diluted shares | 493.55M | 501.92M | 500.18M | 499.93M | -1.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $658.17M | $1.37B | $895.13M | $1.03B | -51.9% |
| Cash & short-term investments | $1.30B | $1.92B | $1.38B | $1.45B | -32.2% |
| Accounts receivable | $3.77B | $3.33B | $2.87B | $2.35B | +13.2% |
| Total current assets | $5.26B | $5.34B | $4.31B | $3.85B | -1.4% |
| Property, plant & equipment | $738.86M | $473.09M | $359.15M | $394.15M | +56.2% |
| Goodwill & intangibles | $19.93M | $14.62M | $16.90M | $18.54M | +36.3% |
| Total assets | $6.15B | $6.11B | $4.89B | $4.38B | +0.7% |
| Total current liabilities | $3.27B | $2.87B | $2.51B | $2.03B | +13.7% |
| Total debt | $436.33M | $312.21M | $235.89M | $260.96M | +39.8% |
| Total liabilities | $3.67B | $3.16B | $2.72B | $2.27B | +16.0% |
| Retained earnings | -$590.91M | $354.25M | $196.95M | $665.51M | -266.8% |
| Shareholder equity | $2.48B | $2.95B | $2.16B | $2.12B | -15.8% |
| Working capital | $2.00B | $2.46B | $1.80B | $1.82B | -19.0% |
| Net tangible assets | $2.46B | $2.93B | $2.15B | $2.10B | -16.0% |
| Shares issued | 475.92M | 496.10M | 488.92M | 490.47M | -4.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $443.30M | $393.08M | $178.94M | $53.38M | +12.8% |
| Depreciation & amortisation | $115.78M | $87.49M | $80.42M | $54.42M | +32.3% |
| Stock-based compensation | $490.63M | $494.70M | $491.62M | $498.64M | -0.8% |
| Change in working capital | -$275.13M | -$209.28M | -$122.60M | -$94.15M | -31.5% |
| Operating cash flow | $992.72M | $739.46M | $598.32M | $548.73M | +34.3% |
| Capital expenditure | -$209.76M | -$107.06M | -$55.02M | -$91.89M | -95.9% |
| Investing cash flow | -$292.63M | -$157.51M | -$107.59M | -$304.37M | -85.8% |
| Share buybacks | -$1.38B | -$234.78M | -$646.60M | $0 | -488.0% |
| Financing cash flow | -$1.41B | -$107.61M | -$626.11M | $31.99M | -1,211.6% |
| Free cash flow | $782.96M | $632.39M | $543.30M | $456.85M | +23.8% |
| End cash position | $658.17M | $1.37B | $895.13M | $1.03B | -51.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $715.06M | $688.86M | $846.79M | $739.43M | $694.04M | +3.8% |
| Operating revenue | $715.06M | $688.86M | $846.79M | $739.43M | $694.04M | +3.8% |
| Cost of revenue | $184.33M | $181.97M | $163.09M | $162.15M | $150.98M | +1.3% |
| Gross profit | $530.72M | $506.89M | $683.70M | $577.28M | $543.06M | +4.7% |
| Research & development | $140.74M | $142.72M | $130.59M | $127.89M | $134.25M | -1.4% |
| Selling, general & admin | $288.40M | $297.52M | $296.23M | $288.17M | $292.03M | -3.1% |
| Total operating expense | $429.15M | $440.24M | $426.82M | $416.06M | $426.28M | -2.5% |
| Operating income | $101.58M | $66.65M | $256.87M | $161.22M | $116.78M | +52.4% |
| Net interest income | $11.51M | $13.37M | $14.06M | $16.49M | $18.04M | -13.9% |
| Pre-tax income | $113.09M | $78.96M | $270.27M | $179.52M | $133.20M | +43.2% |
| Tax provision | $48.70M | $38.96M | $83.32M | $63.97M | $43.07M | +25.0% |
| Net income | $64.39M | $40.00M | $186.95M | $115.55M | $90.13M | +61.0% |
| Net income to common | $64.39M | $40.00M | $186.95M | $115.55M | $90.13M | +61.0% |
| Basic EPS | 0.14 | 0.08 | 0.39 | 0.24 | 0.18 | +75.0% |
| Diluted EPS | 0.14 | 0.08 | 0.39 | 0.23 | 0.18 | +75.0% |
| EBIT | $101.58M | $79.33M | $256.87M | $161.22M | $116.78M | +28.0% |
| EBITDA | $131.72M | $110.76M | $288.83M | $194.35M | $143.48M | +18.9% |
| Basic shares | 468.36M | 474.66M | 479.99M | 487.73M | 490.63M | -1.3% |
| Diluted shares | 469.95M | 476.88M | 482.73M | 492.98M | 495.78M | -1.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.12B | $878.38M | $658.17M | $653.13M | $896.39M | +27.8% |
| Cash & short-term investments | $1.49B | $1.41B | $1.30B | $1.45B | $1.69B | +5.6% |
| Accounts receivable | $3.20B | $3.32B | $3.77B | $3.48B | $3.25B | -3.7% |
| Total current assets | $4.82B | $4.86B | $5.26B | $5.12B | $5.05B | -0.9% |
| Property, plant & equipment | $790.38M | $715.67M | $738.86M | $609.61M | $579.28M | +10.4% |
| Goodwill & intangibles | — | — | $19.93M | — | — | — |
| Total assets | $5.76B | $5.73B | $6.15B | $5.94B | $5.96B | +0.5% |
| Total current liabilities | $2.79B | $2.89B | $3.27B | $2.99B | $2.95B | -3.3% |
| Total debt | $434.11M | $423.57M | $436.33M | $375.98M | $343.55M | +2.5% |
| Total liabilities | $3.19B | $3.28B | $3.67B | $3.34B | $3.26B | -2.8% |
| Retained earnings | -$719.49M | -$724.95M | -$590.91M | -$364.44M | -$162.36M | +0.8% |
| Shareholder equity | $2.57B | $2.45B | $2.48B | $2.60B | $2.70B | +4.9% |
| Working capital | $2.02B | $1.97B | $2.00B | $2.13B | $2.10B | +2.6% |
| Net tangible assets | $2.57B | $2.45B | $2.46B | $2.60B | $2.70B | +4.9% |
| Shares issued | 469.64M | 470.10M | 475.92M | 484.73M | 489.90M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $64.39M | $40.00M | $186.95M | $115.55M | $90.13M | +61.0% |
| Depreciation & amortisation | $30.14M | $31.43M | $31.96M | $33.13M | $26.70M | -4.1% |
| Stock-based compensation | $109.56M | $109.05M | $112.17M | $121.32M | $128.88M | +0.5% |
| Change in working capital | -$54.95M | $182.36M | -$80.58M | -$180.84M | -$96.66M | -130.1% |
| Operating cash flow | $153.59M | $391.81M | $311.59M | $224.69M | $165.01M | -60.8% |
| Capital expenditure | -$17.59M | -$115.77M | -$29.98M | -$69.69M | -$48.32M | +84.8% |
| Investing cash flow | $164.45M | $466.00K | $120.30M | -$66.77M | -$213.57M | +35,190.3% |
| Share buybacks | -$77.82M | -$163.51M | -$422.88M | -$310.45M | -$260.84M | +52.4% |
| Financing cash flow | -$73.44M | -$172.07M | -$426.84M | -$401.17M | -$173.60M | +57.3% |
| Free cash flow | $136.00M | $276.04M | $281.61M | $155.00M | $116.69M | -50.7% |
| End cash position | $1.12B | $878.38M | $658.17M | $653.13M | $896.39M | +27.8% |
Options analytics
Put / call volume
0.55
Call-heavy session
Put / call open interest
0.48
Positioning, not flow
Max pain
12.00
+0.7% from spot
ATM implied vol
53.9%
Nearest strike to spot
Skew (10% OTM)
+8.6%
Puts bid over calls
Call volume
2.86K
Contracts, this expiry
Put volume
1.56K
Contracts, this expiry
Heaviest call OI
16.00
2.53K contracts
Heaviest put OI
12.00
1.40K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.40 | 0.34 | -14.6% |
| Mar 2026 | 0.32 | 0.28 | -12.4% |
| Dec 2025 | 0.58 | 0.59 | +1.7% |
| Sep 2025 | 0.44 | 0.45 | +1.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.25 | 17 | $651.44M | -11.9% |
| Next quarter | 0.29 | 17 | $691.76M | -18.3% |
| Current year | 1.16 | 20 | $2.75B | -5.0% |
| Next year | 1.00 | 20 | $2.62B | -4.9% |
Analyst targets & ownership
Mean target$13.57
High target$20.00
Low target$9.00
Implied upside13.72%
Analyst count30
ConsensusHOLD
Strong buy / Buy1 / 4
Hold23
Sell / Strong sell5 / 3
Held by insiders2.60%
Held by institutions88.88%
Institutions holding974
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
12.24
-2.55% from price
SMA 20
13.22
-9.80% from price
SMA 50
14.30
-16.62% from price
SMA 100
16.93
-29.52% from price
SMA 200
22.35
-46.67% from price
EMA 12
12.49
-4.49% from price
EMA 26
13.21
-9.71% from price
EMA 50
14.39
-17.08% from price
RSI (14)
29.7
Oversold
MACD (12,26,9)
-0.72
Hist -0.08
ATR (14)
0.47
3.93% of price
Realised vol 30D
39.3%
Annualised
Bollinger upper
15.34
20, 2σ
Bollinger lower
11.10
20, 2σ
50 / 200 cross
Death
14.30 vs 22.35
Trend bias
Below 200
-46.67%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.86
Less volatile than market
Correlation to SPY
0.20
Largely independent
Realised vol 30D
39.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-78.0%
Peak to trough
Max drawdown 5Y
-91.5%
Peak to trough
ATR 14
0.47
3.93% of price
Beta (reported)
0.99
5Y monthly, from filing
Short interest
Shares short
88.53M
Prior 83.62M
Change vs prior
+5.9%
Shorts adding
% of float
24.17%
Heavily shorted
% of shares out
18.72%
Against total outstanding
Days to cover
5.1
Crowded exit
Float
416.52M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 18, 26 | Guggenheim | MAINTAINED | Neutral | Neutral |
| Sep 9, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Aug 10, 26 | DA Davidson | DOWNGRADE | Buy | Neutral |
| Aug 10, 26 | HSBC | DOWNGRADE | Hold | Reduce |
| Aug 8, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Aug 7, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 7, 26 | Citigroup | DOWNGRADE | Neutral | Sell |
| Aug 7, 26 | Benchmark | MAINTAINED | Buy | Buy |
| Aug 7, 26 | Guggenheim | DOWNGRADE | Buy | Neutral |
| Aug 7, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 7, 26 | Needham | MAINTAINED | Buy | Buy |
| Aug 7, 26 | Susquehanna | DOWNGRADE | Positive | Neutral |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split10:1
Split dateJun 17, 2021
SEC filings
Proxy Statements
DEF 14A · 2026-09-18
Corporate Changes & Voting Matters
8-K · 2026-09-15
Proxy Statements
PRE 14A · 2026-09-08
Corporate Changes & Voting Matters
8-K · 2026-09-04
Offering Registrations
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Headlines
AppLovin Rallies 6% as Ad-Tech Cluster Splits Three Ways; Digital Turbine Edges Higher, Trade Desk Lags
24/7 Wall St. · 2d ago
Has Buying AppLovin Stock's Dips Paid Off?
Trefis · 2d ago
The Trade Desk (TTD) Has Fallen 77% While the Market Rose. Is 14 Times Earnings Enough?
Insider Monkey · 2d ago
The Trade Desk vs. Alphabet: Is the Cheaper AI Advertising Stock Worth the Risk?
Insider Monkey · 2d ago
The Trade Desk (TTD): Buy, Sell, or Hold Post Q2 Earnings?
StockStory · 4d ago
Should You Buy And Hold AppLovin Stock?
Trefis · 5d ago
AppLovin Slides 3% as Ad-Tech Peers Stand Firm; Trade Desk and Magnite Tick Higher
24/7 Wall St. · 5d ago
3 Small-Cap Stocks That Concern Us
StockStory · 5d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.