Viant Technology (NASDAQ:DSP) COO Sells 9,102 Shares

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 9,102 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total transaction of $106,493.40. Following the completion of the sale, the chief operating officer directly owned 347,182 shares in the company, valued at $4,062,029.40. This trade represents a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00.

Viant Technology Stock Up 3.2%

Shares of Viant Technology stock traded up $0.37 during trading on Thursday, hitting $11.91. 294,769 shares of the company were exchanged, compared to its average volume of 246,873. 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 50 day moving average price of $9.90 and a 200 day moving average price of $11.04. The stock has a market capitalization of $743.54 million, a price-to-earnings ratio of 108.28 and a beta of 1.05.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH acquired a new position in Viant Technology during the 2nd quarter valued at approximately $8,443,000. Cubist Systematic Strategies LLC raised its position in shares of Viant Technology by 77.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 92,686 shares of the company’s stock worth $1,150,000 after buying an additional 40,567 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Viant Technology in the second quarter worth approximately $7,239,000. Harbor Capital Advisors Inc. boosted its stake in Viant Technology by 30.0% during the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock valued at $5,357,000 after buying an additional 93,330 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Viant Technology in the 1st quarter worth approximately $982,000. 11.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DSP shares. DA Davidson lifted their price objective on Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Citizens Jmp lowered their price target on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research note on Tuesday, November 11th. Citigroup restated a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.