Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells $54,450.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of Viant Technology stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total value of $54,450.00. Following the completion of the sale, the chief operating officer directly owned 7,500 shares in the company, valued at approximately $81,675. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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 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 Stock Up 1.7%

Shares of NASDAQ DSP opened at $11.19 on Friday. The business’s 50 day moving average price is $11.04 and its two-hundred day moving average price is $10.94. The company has a market cap of $733.33 million, a PE ratio of 31.08 and a beta of 1.00. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. As a group, research analysts anticipate that Viant Technology Inc. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Viant Technology by 86.9% during the fourth 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 period. Strs Ohio boosted its holdings in shares of Viant Technology by 4.5% during the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock worth $339,000 after acquiring an additional 1,700 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of 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 acquiring an additional 2,122 shares during the period. Institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. B. Riley Financial boosted their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Loop Capital set a $14.50 price target on Viant Technology in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.