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

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $11.80, for a total transaction of $59,000.00. Following the completion of the sale, the chief operating officer directly owned 7,920 shares in the company, valued at $93,456. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total transaction of $33,346.40.
• On Thursday, February 19th, Christopher Vanderhook sold 3,279 shares of Viant Technology stock. The stock was sold at an average price of $9.17, for a total value of $30,068.43.
• On Wednesday, February 18th, Christopher Vanderhook sold 4,722 shares of Viant Technology stock. The shares were sold at an average price of $9.19, for a total value of $43,395.18.
• On Tuesday, February 17th, Christopher Vanderhook sold 4,079 shares of Viant Technology stock. The shares were sold at an average price of $9.26, for a total value of $37,771.54.
• On Friday, December 19th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $11.79, for a total value of $29,475.00.

Viant Technology Price Performance

DSP stock opened at $11.38 on Friday. The stock has a market capitalization of $710.45 million, a P/E ratio of 35.56 and a beta of 1.05. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $16.25. The business has a 50-day moving average of $10.98 and a 200-day moving average of $10.36.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research note on Thursday, March 12th. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Finally, Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after purchasing an additional 1,056 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Viant Technology by 4.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after buying an additional 1,109 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after buying an additional 1,228 shares during the last quarter. Strs Ohio grew its stake in shares of Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after buying an additional 1,700 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Viant Technology by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock worth $332,000 after buying an additional 2,122 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors.

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.