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 firm’s stock in a transaction on 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 directly owned 208,880 shares of the company’s stock, valued at approximately $2,318,568. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing 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 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 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 Trading Up 0.1%

DSP traded up $0.01 on Monday, reaching $11.11. The stock had a trading volume of 850,386 shares, compared to its average volume of 272,703. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The business’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $11.21. The company has a market cap of $728.04 million, a P/E ratio of 30.86 and a beta of 1.04.

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 analysts’ consensus estimates of $0.08 by ($0.11). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The firm had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. As a group, analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Viant Technology by 86.9% during the fourth 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 last quarter. CWM LLC raised its holdings in shares of Viant Technology by 431.0% during the fourth 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 last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 valued at $35,000 after acquiring an additional 2,483 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Viant Technology during the fourth quarter valued at approximately $64,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Viant Technology by 433.7% during the third 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 last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DSP shares. 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. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a report on Tuesday, March 10th. Finally, Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.00.

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.