Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells 2,500 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $10.96, for a total value of $27,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.17, for a total value of $55,850.00.
• On Monday, June 15th, Christopher Vanderhook sold 9,125 shares of Viant Technology stock. The stock was sold at an average price of $11.10, for a total value of $101,287.50.
• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.79, for a total value of $26,975.00.
• On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $10.89, for a total transaction of $54,450.00.

Viant Technology Stock Performance

Shares of NASDAQ:DSP traded up $0.27 during midday trading on Thursday, reaching $11.24. The company’s stock had a trading volume of 447,222 shares, compared to its average volume of 300,733. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18. The firm has a 50 day moving average price of $11.22 and a two-hundred day moving average price of $11.22. The firm has a market capitalization of $736.56 million, a price-to-earnings ratio of 31.22 and a beta of 1.04.

Viant Technology (NASDAQ:DSP) last released its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. As a group, research analysts anticipate that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after buying an additional 1,056 shares during the period. JPMorgan Chase & Co. grew its stake in Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after acquiring an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. grew 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 valued at $32,000 after acquiring an additional 1,228 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock worth $332,000 after acquiring an additional 2,122 shares during the period. Finally, CWM LLC increased its holdings in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analyst Ratings Changes

DSP has been the subject of a number of research reports. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. DA Davidson boosted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Viant Technology currently has an average 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.