Viant Technology (NASDAQ:DSP) CEO Sells $55,600.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 5,000 shares of Viant Technology stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $11.12, for a total value of $55,600.00. Following the transaction, the chief executive officer directly owned 7,500 shares of the company’s stock, valued at $83,400. The trade was a 40.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 22nd, Timothy Vanderhook sold 2,796 shares of Viant Technology stock. The shares were sold at an average price of $10.74, for a total value of $30,029.04.
• 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 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

DSP stock traded up $0.10 during mid-day trading on Wednesday, reaching $10.78. 191,888 shares of the company traded hands, compared to its average volume of 191,493. The company has a market capitalization of $682.91 million, a P/E ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $16.25. The company has a fifty day moving average price of $10.61 and a 200-day moving average price of $10.62.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DSP. B. Riley Financial reaffirmed a “buy” rating and set a $17.00 target price (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Loop Capital set a $14.50 price target on Viant Technology in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.79.

Institutional Trading of Viant Technology

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology during the 3rd quarter valued at about $31,000. Russell Investments Group Ltd. boosted its position in shares of Viant Technology by 86.9% during the 4th 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 last quarter. CWM LLC boosted its position in shares of 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 last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Viant Technology by 620.8% during the 4th 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 last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Viant Technology during the 4th quarter valued at about $64,000. Institutional investors own 11.38% of the company’s stock.

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.