Viant Technology (NASDAQ:DSP) COO Sells $101,287.50 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 9,125 shares of Viant Technology stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $101,287.50. Following the completion of the sale, the chief operating officer owned 208,880 shares of the company’s stock, valued at $2,318,568. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $10.89, for a total value of $54,450.00.
• On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The shares were sold at an average price of $11.42, for a total value of $33,346.40.
• On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.80, for a total value of $59,000.00.

Viant Technology Price Performance

NASDAQ DSP opened at $10.97 on Thursday. The firm has a market capitalization of $718.86 million, a P/E ratio of 30.47 and a beta of 1.04. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $15.18. The business’s 50-day simple moving average is $11.22 and its 200-day simple moving average is $11.22.

Viant Technology (NASDAQ:DSP) last released 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). The firm had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, equities research analysts expect that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. raised its position in shares of Viant Technology by 16.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after purchasing an additional 190,248 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after acquiring an additional 382,664 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Viant Technology by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after acquiring an additional 12,683 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Viant Technology by 91.2% in the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after acquiring an additional 22,857 shares during the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. B. Riley Financial boosted their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price target on Viant Technology in a research report on Tuesday, March 10th. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, DA Davidson boosted their price target on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.