Christopher Vanderhook Sells 9,125 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 9,125 shares of Viant Technology stock in a transaction on Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $101,287.50. Following the completion of the transaction, the chief operating officer owned 208,880 shares in the company, valued at $2,318,568. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were 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.
• 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 value 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 value of $59,000.00.

Viant Technology Trading Up 2.3%

Shares of NASDAQ:DSP opened at $11.37 on Wednesday. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The business’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.22. The company has a market capitalization of $745.08 million, a PE ratio of 31.58 and a beta of 1.04.

Viant Technology (NASDAQ:DSP) last announced its earnings results 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). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The business had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Research analysts predict that Viant Technology Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DSP. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. B. Riley Financial boosted their target price on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, DA Davidson boosted their target price on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $18.00.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in DSP. Royal Bank of Canada grew its stake in Viant Technology by 246.4% during the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after purchasing an additional 20,779 shares during the last quarter. AQR Capital Management LLC grew its stake in Viant Technology by 303.6% during the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after purchasing an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Viant Technology by 77.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after purchasing an additional 59,323 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Viant Technology during the 2nd quarter valued at about $166,000. Finally, Geode Capital Management LLC grew its stake in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after purchasing an additional 22,857 shares during the last quarter. Hedge funds and other institutional investors 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.