Viant Technology (NASDAQ:DSP) CEO Timothy Vanderhook 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 shares were sold at an average price of $10.74, for a total value of $30,029.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $10.91, for a total value of $51,320.64.
• On Monday, April 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.12, for a total value of $55,600.00.
• 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.

Viant Technology Price Performance

NASDAQ DSP opened at $10.78 on Thursday. The stock has a market capitalization of $682.91 million, a PE ratio of 33.69 and a beta of 0.94. The business has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $10.62. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $16.25.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. Topline Capital Management LLC purchased a new position in Viant Technology during the 3rd quarter valued at $2,150,000. Tudor Investment Corp ET AL boosted its holdings in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after acquiring an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after acquiring an additional 58,251 shares during the period. CWM LLC boosted its holdings in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the 4th quarter valued at $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Viant Technology

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

• Positive Sentiment: Brokerages issued a consensus “Buy” on DSP, which supports upside sentiment for the shares and likely helped lift the stock. Read More.
• Neutral Sentiment: CEO Timothy Vanderhook executed a planned Rule 10b5-1 program and sold a total of 12,500 shares across Apr. 20–22 for roughly $136.9K in proceeds (prices ranged ~$11.12–$10.74). Because these were pre-arranged trades, the sales are less informative about management’s near-term view but add supply to the market. Read More.
• Negative Sentiment: Major shareholder Capital V LLC sold 37,500 shares over Apr. 20–22 (about $410.8K total), representing material reductions in its stakes. Even though those sales were reported as part of a Rule 10b5-1 plan, the size and pace of the reductions can be viewed negatively by investors concerned about insider liquidity and demand. Read More.

Wall Street Analyst Weigh In

DSP has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. DA Davidson boosted 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. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.79.

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.