Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells 3,279 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 3,279 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $9.17, for a total value of $30,068.43. Following the transaction, the chief operating officer directly owned 420 shares in the company, valued at $3,851.40. This trade represents a 88.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, February 18th, Christopher Vanderhook sold 4,722 shares of Viant Technology stock. The shares were sold at an average price of $9.19, for a total transaction of $43,395.18.
• On Tuesday, February 17th, Christopher Vanderhook sold 4,079 shares of Viant Technology stock. The shares were sold at an average price of $9.26, for a total transaction of $37,771.54.
• On Friday, December 19th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $11.79, for a total transaction of $29,475.00.
• On Wednesday, December 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00.
• On Wednesday, December 17th, Christopher Vanderhook sold 9,102 shares of Viant Technology stock. The stock was sold at an average price of $11.70, for a total value of $106,493.40.

Viant Technology Stock Performance

NASDAQ DSP remained flat at $9.22 on Thursday. The company’s stock had a trading volume of 202,973 shares, compared to its average volume of 187,737. The stock’s 50 day moving average price is $11.48 and its two-hundred day moving average price is $10.38. The company has a market capitalization of $575.60 million, a P/E ratio of 83.83 and a beta of 1.03. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $22.81.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp reduced their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.57.

Institutional Trading of Viant Technology

Hedge funds have recently bought and sold shares of the company. Granite Investment Partners LLC purchased a new position in shares of Viant Technology in the second quarter worth approximately $7,239,000. Royce & Associates LP boosted its stake in Viant Technology by 72.3% in the 4th 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. Topline Capital Management LLC purchased a new position in Viant Technology during the 3rd quarter worth approximately $2,150,000. Invenomic Capital Management LP acquired a new stake in Viant Technology during the 4th quarter valued at $2,748,000. Finally, Millennium Management LLC raised its stake in Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after purchasing an additional 205,160 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.