Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 2,500 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.79, for a total transaction of $26,975.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 stock was 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 stock was sold at an average price of $11.80, for a total transaction of $59,000.00.

Viant Technology Trading Up 0.5%

Shares of DSP opened at $11.00 on Friday. The stock has a market cap of $696.85 million, a P/E ratio of 30.56 and a beta of 1.00. The company has a 50-day moving average of $11.04 and a two-hundred day moving average of $10.93. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DSP shares. DA Davidson boosted their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. B. Riley Financial boosted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 target price on shares of Viant Technology in a research report on Tuesday, March 10th. Finally, Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Two research 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 stock. According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average price target of $18.00.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently bought and sold shares of DSP. Royal Bank of Canada lifted its holdings in Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after acquiring an additional 20,779 shares during the last quarter. AQR Capital Management LLC lifted its stake in Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after buying an additional 35,578 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Viant Technology by 77.1% during the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after buying an additional 59,323 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Viant Technology in the second quarter worth approximately $166,000. Finally, Geode Capital Management LLC lifted its position in shares of Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after purchasing an additional 22,857 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.