Viant Technology (NASDAQ:DSP) COO Sells $54,450.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of Viant Technology stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total value of $54,450.00. Following the sale, the chief operating officer directly owned 7,500 shares in the company, valued at approximately $81,675. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $10.79, for a total value of $26,975.00.
• On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The stock was 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 stock was sold at an average price of $11.80, for a total value of $59,000.00.

Viant Technology Stock Performance

Shares of NASDAQ DSP traded up $0.05 during midday trading on Thursday, reaching $11.00. 186,119 shares of the company’s stock were exchanged, compared to its average volume of 253,669. 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 $696.85 million, a PE ratio of 30.56 and a beta of 1.00. The business’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.93.

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

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in Viant Technology by 86.9% in 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 during the period. CWM LLC boosted its stake in Viant Technology by 431.0% in the fourth 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. Caitong International Asset Management Co. Ltd boosted its stake in Viant Technology by 620.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after acquiring an additional 2,483 shares during the period. State of Alaska Department of Revenue acquired a new position in Viant Technology in the fourth quarter valued at approximately $64,000. Finally, BNP Paribas Financial Markets boosted its stake in Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on DSP. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. DA Davidson boosted their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus price target 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.