Viant Technology (NASDAQ:DSP) COO Christopher Vanderhook Sells 2,500 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.79, for a total value of $29,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.74, for a total value of $58,700.00.
• On Wednesday, December 17th, Christopher Vanderhook sold 9,102 shares of Viant Technology stock. The shares were sold at an average price of $11.70, for a total value of $106,493.40.

Viant Technology Price Performance

NASDAQ:DSP traded down $0.15 on Friday, reaching $11.76. 381,803 shares of the company’s stock were exchanged, compared to its average volume of 310,679. The firm has a market cap of $734.22 million, a price-to-earnings ratio of 106.92 and a beta of 1.05. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $26.33. The stock has a fifty day simple moving average of $9.90 and a 200-day simple moving average of $11.04.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $85.58 million during the quarter, compared to the consensus estimate 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 predict that Viant Technology Inc. will post -0.39 EPS for the current year.

Viant Technology News Summary

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Strategic partnership: Viant announced a strategic integration with iHeartMedia to enable addressable audio at scale — this expands Viant’s addressable inventory and advertiser reach in audio and podcasting, a tangible commercial growth opportunity. iHeartMedia and Viant Partner
• Positive Sentiment: Analyst backdrop: Brokerages maintain a buy consensus and several price-target upgrades/affirmations, supporting upside expectations versus the current quote. That institutional sentiment can cushion downside and attract buyers. Analyst Consensus: Buy
• Neutral Sentiment: Valuation and technicals: DSP still trades with a high trailing P/E and has recently been around its 50- and 200-day moving averages; the combination of stretched valuation and mixed fundamentals means traders may react strongly to incremental news. Market Data & Profile
• Negative Sentiment: Insider and major-holder selling: Multiple insiders disclosed sales on Dec. 17 — CFO Larry Madden sold 13,477 shares (~$157.7K at ~$11.70), the COO sold several tranches, and major shareholder Capital V LLC sold 15,000 shares (reported as a ~40% stake reduction in that filing). Large or clustered insider/holder sales can be read as a near-term negative catalyst and may increase selling pressure. Insider Selling Details

Institutional Trading of Viant Technology

A number of institutional investors have recently modified their holdings of DSP. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology in the third quarter worth about $31,000. AlphaQuest LLC raised its position in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after purchasing an additional 3,443 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Viant Technology in the 2nd quarter worth approximately $75,000. BNP Paribas Financial Markets grew its position in shares of Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after buying an additional 6,454 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in shares of Viant Technology in the 2nd quarter worth approximately $150,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Tuesday, November 11th. DA Davidson upped their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Tuesday, November 11th. B. Riley reissued a “buy” rating and set a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.50.

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.