Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 2,920 Shares

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,920 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Thursday, February 19th, Christopher Vanderhook sold 3,279 shares of Viant Technology stock. The shares were sold at an average price of $9.17, for a total transaction of $30,068.43.
• On Wednesday, February 18th, Christopher Vanderhook sold 4,722 shares of Viant Technology stock. The stock was sold at an average price of $9.19, for a total value of $43,395.18.
• On Tuesday, February 17th, Christopher Vanderhook sold 4,079 shares of Viant Technology stock. The stock was sold at an average price of $9.26, for a total value of $37,771.54.
• On Friday, December 19th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $11.79, for a total value of $29,475.00.

Viant Technology Stock Performance

NASDAQ DSP traded down $0.17 during trading hours on Thursday, hitting $11.61. The company had a trading volume of 352,457 shares, compared to its average volume of 243,896. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $16.25. The firm has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $10.35. The firm has a market capitalization of $724.81 million, a price-to-earnings ratio of 36.28 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSP. Russell Investments Group Ltd. grew its position in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. 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 grew its holdings in Viant Technology by 620.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Viant Technology in the third quarter worth approximately $31,000. Finally, State of Alaska Department of Revenue purchased a new stake in Viant Technology in the fourth quarter worth $64,000. 11.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, March 12th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, B. Riley Financial reiterated a “buy” rating and set a $17.00 price target (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Viant Technology has a consensus rating of “Buy” and a consensus price target of $18.13.

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.