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 Viant Technology stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.79, for a total transaction of $26,975.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were 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 shares were sold at an average price of $11.80, for a total transaction of $59,000.00.

Viant Technology Stock Up 0.5%

DSP traded up $0.05 during midday trading on Thursday, hitting $11.00. The company had a trading volume of 186,119 shares, compared to its average volume of 253,669. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18. The company has a market capitalization of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. The stock’s 50 day moving average price is $11.04 and its 200 day moving average price is $10.93.

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 the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. Research analysts predict that Viant Technology Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

DSP has been the subject of a number of analyst reports. Loop Capital set a $14.50 price objective on shares of Viant Technology in a report on Tuesday, March 10th. Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial lifted their price objective 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. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $18.00.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its position in Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock worth $699,000 after purchasing an additional 28,052 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in 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 worth $15,088,000 after purchasing an additional 190,248 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Viant Technology in the first quarter valued at about $97,000. Hillsdale Investment Management Inc. purchased a new position in Viant Technology in the first quarter valued at about $320,000. Finally, Hsbc Holdings PLC boosted its stake in Viant Technology by 8.2% in the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after acquiring an additional 2,122 shares during the last quarter. 11.38% of the stock is 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.