Timothy Vanderhook Sells 4,704 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 4,704 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $10.91, for a total value of $51,320.64. Following the completion of the transaction, the chief executive officer directly owned 2,796 shares in the company, valued at $30,504.36. This represents a 62.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 22nd, Timothy Vanderhook sold 2,796 shares of Viant Technology stock. The shares were sold at an average price of $10.74, for a total value of $30,029.04.
• On Monday, April 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.12, for a total value of $55,600.00.
• On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The shares were sold at an average price of $12.87, for a total value of $33,127.38.

Viant Technology Trading Up 0.9%

Shares of DSP stock traded up $0.10 during mid-day trading on Wednesday, reaching $10.78. The stock had a trading volume of 191,888 shares, compared to its average volume of 191,493. The business’s fifty day moving average is $10.61 and its 200-day moving average is $10.62. The firm has a market cap of $682.91 million, a price-to-earnings ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $16.25.

Analyst Ratings Changes

DSP has been the topic of a number of research reports. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. B. Riley Financial reissued a “buy” rating and issued a $17.00 price objective (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Finally, DA Davidson upped their target price on Viant Technology from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.79.

Institutional Trading of Viant Technology

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Viant Technology in the third quarter worth about $31,000. Russell Investments Group Ltd. boosted its stake in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after buying an additional 1,228 shares during the last quarter. CWM LLC boosted its position in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Viant Technology by 620.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.