Trade Desk
About: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. It uses data in an iterative manner to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising.
Employees: 3,522
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 341
11% more call options, than puts
Call options by funds: $1,000M | Put options by funds: $905M
3.27% less ownership
Funds ownership: 78.57% [Q4 2024] → 75.3% (-3.27%) [Q1 2025]
14% less funds holding
Funds holding: 1,181 [Q4 2024] → 1,015 (-166) [Q1 2025]
50% less first-time investments, than exits
New positions opened: 143 | Existing positions closed: 285
55% less capital invested
Capital invested by funds: $41.8B [Q4 2024] → $18.6B (-$23.2B) [Q1 2025]
64% less funds holding in top 10
Funds holding in top 10: 25 [Q4 2024] → 9 (-16) [Q1 2025]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Macquarie Tim Nollen | 23%upside $92 | Outperform Maintained | 19 May 2025 |
Needham Laura Martin | 12%upside $84 | Buy Reiterated | 15 May 2025 |
Oppenheimer Jason Helfstein | 7%upside $80 | Outperform Maintained | 9 May 2025 |
Guggenheim Michael Morris | 20%upside $90 | Buy Maintained | 9 May 2025 |
Morgan Stanley Matthew Cost | 7%upside $80 | Overweight Maintained | 9 May 2025 |
Financial journalist opinion
Based on 65 articles about TTD published over the past 30 days









