Viant Technology (NASDAQ:DSP) CEO Timothy Vanderhook Sells 4,926 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 4,926 shares of Viant Technology stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $12.24, for a total value of $60,294.24. Following the sale, the chief executive officer directly owned 2,574 shares in the company, valued at $31,505.76. The trade was a 65.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Tuesday, January 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.94, for a total transaction of $59,700.00.

Viant Technology Price Performance

DSP opened at $12.75 on Friday. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $26.33. The firm has a market capitalization of $795.98 million, a price-to-earnings ratio of 115.92 and a beta of 1.03. The company’s 50 day moving average price is $11.41 and its two-hundred day moving average price is $10.79.

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

Institutional Trading of Viant Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after buying an additional 1,056 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Viant Technology by 4.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after purchasing an additional 1,109 shares in the last quarter. Huntleigh Advisors Inc. grew its position in Viant Technology by 5.8% in the 2nd quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock valued at $314,000 after purchasing an additional 1,290 shares during the period. Strs Ohio increased its stake in Viant Technology by 4.5% during the 3rd quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in Viant Technology by 287.6% during the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after buying an additional 3,443 shares during the last quarter. 11.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DSP. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday. DA Davidson lifted their target price on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Tuesday, November 11th. Citizens Jmp dropped their price objective on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, Citigroup restated a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.50.

Key Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Neutral Sentiment: Analyst and institutional context: multiple analysts continue to rate DSP a Buy on average (MarketBeat shows an average price target near $18.50) and several institutions have added positions in past quarters — a reminder there is still analyst/institutional interest supporting the name.
• Negative Sentiment: CEO Timothy Vanderhook sold a sequence of shares Jan. 20–22 totaling 12,500 shares for roughly $153k, reducing his direct stake substantially (reported ~65% reduction across the filings). Large, concentrated insider sales by the CEO can raise governance and confidence questions for investors. CEO SEC Filing
• Negative Sentiment: Major shareholder Capital V / Capital LLC executed multiple disposals Jan. 20–22 totaling 37,500 shares for aggregate proceeds of roughly $459k, with reported reductions in their stake of ~40% then ~65% during the sequence — a material trimming by a >10% owner that could increase available float and selling pressure. Major Shareholder SEC Filing

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.