Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 2,500 Shares of 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 shares were sold at an average price of $10.96, for a total transaction of $27,400.00. The transaction was disclosed in a filing with the SEC, which is accessible 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 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 shares were 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 value of $54,450.00.

Viant Technology Price Performance

Shares of DSP opened at $11.24 on Friday. The firm has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The business has a fifty day moving average of $11.22 and a 200 day moving average of $11.22.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) 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 firm had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Analysts expect that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DSP has been the topic of several recent research reports. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research note 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. Finally, Loop Capital set a $14.50 target price on Viant Technology in a research report on Tuesday, March 10th. Two 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 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.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the company. Topline Capital Management LLC purchased a new position in shares of Viant Technology during the 3rd quarter valued at $2,150,000. Tudor Investment Corp ET AL increased its stake in Viant Technology by 39.7% in 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 in the last quarter. Norwood Investment Partners LP purchased a new stake in Viant Technology in the 4th quarter worth $1,186,000. Dynamic Technology Lab Private Ltd increased its stake in Viant Technology by 474.3% in 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 in the last quarter. Finally, Royce & Associates LP raised its holdings in Viant Technology by 72.3% during the fourth 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 period. 11.38% of the stock is currently owned by 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.