Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 5,000 Shares

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.17, for a total value of $55,850.00. Following the sale, the chief operating officer owned 7,500 shares in the company, valued at approximately $83,775. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 18th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.96, for a total value of $27,400.00.
• On Monday, June 15th, Christopher Vanderhook sold 9,125 shares of Viant Technology stock. The stock was sold at an average price of $11.10, for a total value of $101,287.50.
• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.79, for a total value of $26,975.00.
• On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $10.89, for a total transaction of $54,450.00.

Viant Technology Stock Up 2.5%

Shares of NASDAQ:DSP opened at $11.24 on Friday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18. The company’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $11.22. The firm has a market cap of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The company had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. As a group, equities analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on DSP. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research note on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, B. Riley Financial raised their price target on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Viant Technology has a consensus rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

Large investors have recently bought and sold shares of the business. Topline Capital Management LLC bought a new position in Viant Technology in the third quarter valued at approximately $2,150,000. Tudor Investment Corp ET AL lifted its stake in shares of Viant Technology by 39.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after purchasing an additional 54,507 shares during the period. Norwood Investment Partners LP bought a new position in shares of Viant Technology in the 4th quarter worth $1,186,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Viant Technology by 474.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after purchasing an additional 58,251 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

About Viant Technology

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.