Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 5,000 Shares

Viant Technology Inc. (NASDAQ:DSPGet Free Report) COO Christopher Vanderhook sold 5,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.17, for a total transaction of $55,850.00. Following the sale, the chief operating officer directly owned 7,500 shares of the company’s stock, valued at $83,775. This represents a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, June 18th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00.
  • On Monday, June 15th, Christopher Vanderhook sold 9,125 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total transaction 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 transaction 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 value of $54,450.00.

Viant Technology Trading Up 2.5%

Shares of Viant Technology stock traded up $0.27 during trading on Thursday, reaching $11.24. The stock had a trading volume of 447,222 shares, compared to its average volume of 300,733. The company has a market capitalization of $736.56 million, a price-to-earnings ratio of 31.22 and a beta of 1.04. The stock has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $11.22. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18.

Viant Technology (NASDAQ:DSPGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. On average, equities analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. DA Davidson increased their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.00.

Get Our Latest Stock Report on DSP

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently added to or reduced their stakes in DSP. Russell Investments Group Ltd. increased its holdings in shares of 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 purchasing an additional 1,228 shares during the last quarter. CWM LLC boosted its holdings in shares of 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 buying an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in 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 buying an additional 2,483 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Viant Technology in the 4th quarter valued at about $64,000. Finally, BNP Paribas Financial Markets raised its holdings in Viant Technology by 433.7% in the 3rd 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. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

(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.

Further Reading

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

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