Viant Technology (NASDAQ:DSP) CEO Timothy Vanderhook Sells 5,000 Shares

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 5,000 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $11.12, for a total transaction of $55,600.00. Following the transaction, the chief executive officer directly owned 7,500 shares in the company, valued at approximately $83,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Vanderhook also recently made the following trade(s):

• On Wednesday, April 22nd, Timothy Vanderhook sold 2,796 shares of Viant Technology stock. The stock was sold at an average price of $10.74, for a total transaction of $30,029.04.
• On Tuesday, April 21st, Timothy Vanderhook sold 4,704 shares of Viant Technology stock. The shares were sold at an average price of $10.91, for a total value of $51,320.64.
• On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The shares were sold at an average price of $12.87, for a total value of $33,127.38.

Viant Technology Price Performance

NASDAQ DSP opened at $10.78 on Thursday. The firm has a market capitalization of $682.91 million, a P/E ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $16.25. The business’s 50-day simple moving average is $10.61 and its 200-day simple moving average is $10.62.

Trending Headlines about Viant Technology

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Brokerages issued a consensus “Buy” on DSP, which supports upside sentiment for the shares and likely helped lift the stock. Read More.
• Neutral Sentiment: CEO Timothy Vanderhook executed a planned Rule 10b5-1 program and sold a total of 12,500 shares across Apr. 20–22 for roughly $136.9K in proceeds (prices ranged ~$11.12–$10.74). Because these were pre-arranged trades, the sales are less informative about management’s near-term view but add supply to the market. Read More.
• Negative Sentiment: Major shareholder Capital V LLC sold 37,500 shares over Apr. 20–22 (about $410.8K total), representing material reductions in its stakes. Even though those sales were reported as part of a Rule 10b5-1 plan, the size and pace of the reductions can be viewed negatively by investors concerned about insider liquidity and demand. Read More.

Institutional Trading of Viant Technology

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in Viant Technology by 8.2% in the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after acquiring an additional 2,122 shares in the last quarter. nVerses Capital LLC acquired a new stake in Viant Technology in the fourth quarter valued at approximately $153,000. Tudor Investment Corp ET AL grew its position in Viant Technology by 6.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 203,159 shares of the company’s stock valued at $2,446,000 after acquiring an additional 11,523 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Viant Technology in the fourth quarter valued at approximately $252,000. Finally, Millennium Management LLC grew its position in Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DSP shares. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. DA Davidson lifted their price objective on Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Finally, Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.79.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.