Insider Selling: Viant Technology (NASDAQ:DSP) CEO Sells 2,796 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 2,796 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $10.74, for a total transaction of $30,029.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 21st, Timothy Vanderhook sold 4,704 shares of Viant Technology stock. The stock was sold at an average price of $10.91, for a total transaction of $51,320.64.
• On Monday, April 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.12, for a total transaction of $55,600.00.
• On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The stock was sold at an average price of $12.87, for a total transaction of $33,127.38.

Viant Technology Trading Up 0.9%

NASDAQ DSP traded up $0.10 on Wednesday, reaching $10.78. 191,888 shares of the stock were exchanged, compared to its average volume of 191,493. Viant Technology Inc. has a one year low of $8.11 and a one year high of $16.25. The firm has a market capitalization of $682.91 million, a PE ratio of 33.69 and a beta of 0.94. The company’s 50-day simple moving average is $10.61 and its two-hundred day simple moving average is $10.62.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DSP shares. Wall Street Zen upgraded shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. DA Davidson lifted their price objective on shares of Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. B. Riley Financial restated a “buy” rating and issued a $17.00 price target (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Viant Technology presently has an average rating of “Buy” and an average price target of $17.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Viant Technology during the third quarter worth $31,000. Russell Investments Group Ltd. boosted its stake in Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after buying an additional 1,228 shares during the period. CWM LLC boosted its stake in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $35,000 after buying an additional 2,483 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the fourth quarter worth $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.