Christopher Vanderhook Sells 2,500 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00. The sale was disclosed in a document filed with the SEC, which is available at 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 Tuesday, June 16th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.17, for a total transaction of $55,850.00.
• 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 transaction of $101,287.50.
• 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 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 Price Performance

DSP opened at $11.24 on Friday. The stock has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. The company’s 50 day simple moving average is $11.24 and its 200-day simple moving average is $11.22. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18.

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 return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. As a group, analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current year.

Institutional Trading of Viant Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after purchasing an additional 20,779 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock worth $587,000 after purchasing an additional 35,578 shares during the period. Goldman Sachs Group Inc. increased its holdings in Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after purchasing an additional 59,323 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Viant Technology in the second quarter valued at about $166,000. Finally, Geode Capital Management LLC lifted its stake in Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after buying an additional 22,857 shares during the period. Institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. DA Davidson boosted their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.