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

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total transaction of $54,450.00. Following the transaction, the chief operating officer owned 7,500 shares in the company, valued at $81,675. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $10.79, for a total transaction of $26,975.00.
• On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total transaction of $33,346.40.
• On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.80, for a total transaction of $59,000.00.

Viant Technology Trading Up 1.7%

DSP opened at $11.19 on Friday. The firm has a market capitalization of $733.28 million, a PE ratio of 31.08 and a beta of 1.00. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The firm’s 50-day moving average price is $11.04 and its 200 day moving average price is $10.94.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. As a group, analysts predict that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC purchased a new stake in Viant Technology during the 3rd quarter worth approximately $2,150,000. Tudor Investment Corp ET AL increased its stake in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after buying an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after buying an additional 58,251 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in Viant Technology during the 4th quarter worth approximately $873,000. Finally, Royce & Associates LP increased its stake in Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DSP shares. DA Davidson boosted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.00.

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.