Viant Technology (NASDAQ:DSP) CEO Sells $60,294.24 in Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 4,926 shares of Viant Technology stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $12.24, for a total transaction of $60,294.24. Following the completion of the sale, the chief executive officer owned 2,574 shares in the company, valued at approximately $31,505.76. This trade represents a 65.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The stock was sold at an average price of $12.87, for a total transaction of $33,127.38.
• On Tuesday, January 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.94, for a total transaction of $59,700.00.

Viant Technology Price Performance

DSP stock traded up $0.29 during trading on Thursday, hitting $12.75. The 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 company’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $10.79. The stock 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 released its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. As a group, sell-side analysts expect that Viant Technology Inc. will post -0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DSP shares. Citizens Jmp lowered their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 11th. B. Riley reissued a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $18.50.

Institutional Trading of Viant Technology

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

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.