Christopher Vanderhook Sells 9,102 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 9,102 shares of Viant Technology stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total transaction of $106,493.40. Following the sale, the chief operating officer owned 347,182 shares in the company, valued at $4,062,029.40. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.74, for a total value of $58,700.00.

Viant Technology Stock Up 3.2%

DSP traded up $0.37 during trading on Thursday, hitting $11.91. 294,769 shares of the stock were exchanged, compared to its average volume of 246,873. The firm has a market capitalization of $743.54 million, a P/E ratio of 108.28 and a beta of 1.05. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $26.33. The stock has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $11.04.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. Analysts predict that Viant Technology Inc. will post -0.39 EPS for the current year.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its stake in shares of Viant Technology by 3.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after acquiring an additional 44,357 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Viant Technology during the second quarter worth $8,443,000. Granite Investment Partners LLC purchased a new stake in Viant Technology during the second quarter worth $7,239,000. Harbor Capital Advisors Inc. grew its holdings in Viant Technology by 30.0% in the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock valued at $5,357,000 after purchasing an additional 93,330 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after purchasing an additional 22,857 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. DA Davidson lifted their price objective on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. B. Riley reiterated a “buy” rating and issued a $16.50 target price (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Citizens Jmp dropped their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Viant Technology has a consensus rating of “Buy” and a consensus target price of $18.50.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.