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 that occurred on Thursday, May 21st. The stock was sold at an average price of $10.79, for a total value of $26,975.00. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 stock was 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 stock was sold at an average price of $11.80, for a total value of $59,000.00.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $11.19 on Friday. The business’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.94. The firm has a market capitalization of $733.33 million, a price-to-earnings ratio of 31.08 and a beta of 1.00. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18.

Viant Technology (NASDAQ:DSP) last posted its 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). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The firm had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. On average, equities analysts anticipate that Viant Technology Inc. will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. boosted its holdings in shares of Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Viant Technology by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock worth $5,945,000 after buying an additional 12,683 shares during the period. Millennium Management LLC boosted its holdings in Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after acquiring an additional 22,857 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Finally, DA Davidson raised their price target on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research 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 issued a Sell rating to the company. According to MarketBeat, Viant Technology currently has a consensus rating of “Buy” and an average price target of $18.00.

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.