Insider Selling: Viant Technology (NASDAQ:DSP) CEO Sells 2,574 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 2,574 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.87, for a total value of $33,127.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, January 21st, Timothy Vanderhook sold 4,926 shares of Viant Technology stock. The stock was sold at an average price of $12.24, for a total value of $60,294.24.
• On Tuesday, January 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.94, for a total value of $59,700.00.

Viant Technology Price Performance

NASDAQ:DSP traded up $0.29 during trading hours on Thursday, hitting $12.75. The company’s stock had a trading volume of 212,149 shares, compared to its average volume of 161,571. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $26.33. The stock has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.79. The company has a market capitalization of $795.98 million, a P/E ratio of 115.92 and a beta of 1.03.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $85.54 million. On average, equities analysts predict that Viant Technology Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DSP has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. B. Riley restated a “buy” rating and set a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research report on Tuesday, November 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. Finally, Citigroup restated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.50.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in DSP. Fort Washington Investment Advisors Inc. OH acquired a new stake in Viant Technology during the 2nd quarter valued at approximately $8,443,000. Granite Investment Partners LLC acquired a new position in shares of Viant Technology in the 2nd quarter worth approximately $7,239,000. Voya Investment Management LLC boosted its stake in shares of Viant Technology by 24.6% in the 1st quarter. Voya Investment Management LLC now owns 19,129 shares of the company’s stock valued at $237,000 after purchasing an additional 3,782 shares during the last quarter. Rhumbline Advisers boosted its position in Viant Technology by 2.8% during the first quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock valued at $546,000 after acquiring an additional 1,214 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of Viant Technology by 16.3% in the 2nd quarter. Moran Wealth Management LLC now owns 34,356 shares of the company’s stock worth $455,000 after acquiring an additional 4,817 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.