Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 9,125 Shares

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 9,125 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $101,287.50. Following the transaction, the chief operating officer owned 208,880 shares in the company, valued at $2,318,568. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 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.
• 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 Price Performance

DSP traded up $0.01 on Monday, reaching $11.11. 850,386 shares of the company’s stock were exchanged, compared to its average volume of 272,703. The stock has a market cap of $728.04 million, a PE ratio of 30.86 and a beta of 1.04. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The stock’s fifty day moving average price is $11.22 and its 200-day moving average price is $11.21.

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, research analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DSP has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial boosted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. Finally, DA Davidson boosted their target price on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus target price of $18.00.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently made changes to their positions in DSP. Russell Investments Group Ltd. raised its stake in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares during the period. CWM LLC raised its stake in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after acquiring an additional 2,483 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Viant Technology in the 4th quarter valued at approximately $64,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 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.