Viant Technology (NASDAQ:DSP) COO Sells $54,450.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total value of $54,450.00. Following the sale, the chief operating officer directly owned 7,500 shares of the company’s stock, valued at approximately $81,675. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 value of $26,975.00.
• 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 value 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 value of $59,000.00.

Viant Technology Stock Up 0.5%

DSP traded up $0.05 on Thursday, hitting $11.00. 186,119 shares of the company traded hands, compared to its average volume of 253,669. The company has a 50 day moving average of $11.04 and a 200-day moving average of $10.93. The stock has a market capitalization of $696.85 million, a PE ratio of 30.56 and a beta of 1.00. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, research analysts anticipate that Viant Technology Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DSP shares. Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Finally, Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Viant Technology has a consensus rating of “Buy” and an average target price of $18.00.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC acquired a new stake in shares of Viant Technology during the third quarter worth $2,150,000. Tudor Investment Corp ET AL grew its position in Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after acquiring an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after purchasing an additional 58,251 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Viant Technology during the first quarter worth about $97,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Viant Technology during the first quarter worth about $320,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.