Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells $27,400.00 in Stock

Viant Technology Inc. (NASDAQ:DSPGet Free Report) COO Christopher Vanderhook sold 2,500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was 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 shares were sold at an average price of $10.89, for a total value of $54,450.00.

Viant Technology Trading Up 2.5%

Shares of DSP traded up $0.27 during trading hours on Thursday, reaching $11.24. 447,222 shares of the company’s stock traded hands, compared to its average volume of 300,733. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18. The stock has a market cap of $736.56 million, a PE ratio of 31.22 and a beta of 1.04. The firm’s 50 day simple moving average is $11.22 and its 200-day simple moving average is $11.22.

Viant Technology (NASDAQ:DSPGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. As a group, analysts expect that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DSP. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Loop Capital set a $14.50 target price on shares of Viant Technology in a research report on Tuesday, March 10th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. DA Davidson raised their price target on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, B. Riley Financial raised their price target on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and an average price target of $18.00.

Read Our Latest Research Report on Viant Technology

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares in the last quarter. CWM LLC lifted its holdings in shares of Viant Technology by 431.0% in 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 last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Viant Technology by 620.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Viant Technology during the 4th quarter valued at $64,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after purchasing an additional 6,454 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Viant Technology (NASDAQ:DSP)

Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.