Viant Technology (NASDAQ:DSP) COO Sells $26,975.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.79, for a total transaction of $26,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $54,450.00.
• On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40.
• On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.80, for a total transaction of $59,000.00.

Viant Technology Trading Up 0.5%

Shares of DSP stock traded up $0.05 during trading on Thursday, reaching $11.00. 186,119 shares of the company’s stock traded hands, compared to its average volume of 253,669. The company has a market capitalization of $696.85 million, a P/E ratio of 30.56 and a beta of 1.00. The firm’s 50-day moving average is $11.04 and its 200 day moving average is $10.93. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, sell-side analysts predict that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DSP shares. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. 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. DA Davidson upped their target price on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial upped their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in DSP. Royce & Associates LP increased its holdings in shares of Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the last quarter. Topline Capital Management LLC bought a new position in shares of Viant Technology during the 3rd quarter valued at $2,150,000. Invenomic Capital Management LP bought a new position in shares of Viant Technology during the 4th quarter valued at $2,748,000. Millennium Management LLC grew its holdings in shares of Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after purchasing an additional 205,160 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after buying an additional 190,248 shares during the period. 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.