The Trade Desk (TTD) slides as investors brace for earnings amid ongoing agency-client uncertainty

The Trade Desk (TTD) is down 16.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop looks tied to risk-off positioning ahead of The Trade Desk’s Q1 results, with investors focused on whether management can steady growth and reassure the market about agency relationships. Ongoing concerns around a major agency group’s stance on the platform and recent leadership turnover appear to be amplifying downside sensitivity into the print.

Details:

The company is scheduled to release Q1 2026 results after the market close on May 7, a setup that can drive de-risking when expectations are fragile.

Consensus expectations going into the report have centered on roughly $679 million in revenue and a modest EPS figure, keeping attention on guidance and any demand commentary.

One of the largest advertising agency groups has advised some clients not to use the platform following a third-party audit outcome, raising fears of budget shifts and slower growth.

Recent executive and finance leadership changes (including a CFO termination disclosed in a securities filing) have added to governance and execution concerns.

Sources:

Investing.com, Barchart, CFO Dive

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TTD Insider Trading Activity

$TTD insiders have traded $TTD stock on the open market 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $TTD stock by insiders over the last 6 months:

JEFFREY TERRY GREEN (President and CEO) has made 4 purchases buying 6,000,000 shares for an estimated $148,101,266 and 0 sales.
KATHRYN E FALBERG has made 0 purchases and 2 sales selling 152,828 shares for an estimated $4,655,112.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$TTD Hedge Fund Activity

We have seen 379 institutional investors add shares of $TTD stock to their portfolio, and 609 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BROWN ADVISORY INC removed 7,254,486 shares (-82.7%) from their portfolio in Q4 2025, for an estimated $275,380,288
BAILLIE GIFFORD & CO removed 6,809,124 shares (-23.4%) from their portfolio in Q4 2025, for an estimated $258,474,347
TWO SIGMA ADVISERS, LP added 5,781,600 shares (+535.9%) to their portfolio in Q4 2025, for an estimated $219,469,536
JPMORGAN CHASE & CO removed 5,722,285 shares (-90.5%) from their portfolio in Q4 2025, for an estimated $217,217,938
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 5,705,479 shares (-74.3%) from their portfolio in Q4 2025, for an estimated $216,579,982
STATE STREET CORP removed 5,307,450 shares (-14.6%) from their portfolio in Q4 2025, for an estimated $201,470,802
FEDERATED HERMES, INC. added 4,298,009 shares (+1041.1%) to their portfolio in Q4 2025, for an estimated $163,152,421

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$TTD Congressional Stock Trading

Members of Congress have traded $TTD stock 9 times in the past 6 months. Of those trades, 4 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $TTD stock by members of Congress over the last 6 months:

REPRESENTATIVE BYRON DONALDS has traded it 6 times. They made 2 purchases worth up to $30,000 on 02/10 and 4 sales worth up to $60,000 on 03/20, 01/08.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 2 purchases worth up to $30,000 on 03/13, 01/09 and 1 sale worth up to $15,000 on 02/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$TTD Analyst Ratings

Wall Street analysts have issued reports on $TTD in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

B of A Securities issued a "Underperform" rating on 01/20/2026
UBS issued a "Buy" rating on 01/20/2026
Wolfe Research issued a "Outperform" rating on 01/06/2026
DA Davidson issued a "Buy" rating on 11/10/2025

To track analyst ratings and price targets for $TTD, check out Quiver Quantitative's $TTD forecast page.

$TTD Price Targets

Multiple analysts have issued price targets for $TTD recently. We have seen 25 analysts offer price targets for $TTD in the last 6 months, with a median target of $35.0.

Here are some recent targets:

Alicia Reese from Wedbush set a target price of $23.0 on 05/04/2026
Stephen Ju from UBS set a target price of $31.0 on 04/21/2026
Alec Brondolo from Wells Fargo set a target price of $24.0 on 04/06/2026
Mark Mahaney from Evercore ISI Group set a target price of $32.0 on 03/19/2026
Mark Kelley from Stifel set a target price of $26.0 on 03/18/2026
Barton Crockett from Rosenblatt set a target price of $25.0 on 03/18/2026
Justin Patterson from Keybanc set a target price of $35.0 on 03/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.