Viant Technology (NASDAQ:DSP) COO Sells $33,346.40 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,920 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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.
• 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 transaction of $30,068.43.
• On Wednesday, February 18th, Christopher Vanderhook sold 4,722 shares of Viant Technology stock. The stock was sold at an average price of $9.19, for a total transaction 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 transaction of $37,771.54.
• On Friday, December 19th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $11.79, for a total transaction of $29,475.00.

Viant Technology Trading Down 2.0%

Shares of NASDAQ:DSP opened at $11.38 on Friday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $16.25. The company has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.36. The company has a market cap of $710.45 million, a price-to-earnings ratio of 35.56 and a beta of 1.05.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in shares of Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC grew its position in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after acquiring an additional 2,483 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Viant Technology in the third quarter worth $31,000. Finally, State of Alaska Department of Revenue purchased a new stake in Viant Technology in the fourth quarter worth $64,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DSP has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $15.50 price target on shares of Viant Technology in a report on Thursday, March 12th. B. Riley Financial reaffirmed a “buy” rating and set a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Thursday, March 12th. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Viant Technology currently has a consensus rating of “Buy” and an average target price of $18.13.

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.