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

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.79, for a total value of $26,975.00. The transaction was disclosed in a legal filing with the SEC, which is available 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 Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $10.89, for a total value of $54,450.00.
• 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 Performance

DSP opened at $11.19 on Friday. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $15.18. The stock has a market capitalization of $733.28 million, a PE ratio of 31.08 and a beta of 1.00. The stock’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.94.

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

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Viant Technology by 2.4% in the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares in the last quarter. Strs Ohio boosted its holdings in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock worth $339,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Viant Technology by 8.2% in the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock worth $332,000 after acquiring an additional 2,122 shares in the last quarter. 11.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DSP. DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $18.00.

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.