Viant Technology (NASDAQ:DSP) COO Sells $59,000.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $11.80, for a total transaction of $59,000.00. Following the sale, the chief operating officer owned 7,920 shares of the company’s stock, valued at approximately $93,456. The trade was a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were 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 shares were 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 stock was 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 Stock Performance

DSP opened at $11.38 on Friday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $16.25. The stock has a market capitalization of $710.45 million, a PE ratio of 35.56 and a beta of 1.05. The business’s 50 day moving average price is $10.98 and its 200 day moving average price is $10.36.

Analysts Set New Price Targets

Several brokerages have recently commented on DSP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. DA Davidson reissued a “buy” rating and set a $15.50 price objective on shares of Viant Technology in a research report on Thursday, March 12th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research note on Thursday, March 12th. Finally, Loop Capital set a $14.50 price objective on shares of Viant Technology in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average target price of $18.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. lifted its holdings in Viant Technology by 3.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after buying an additional 44,357 shares in the last quarter. Royce & Associates LP increased its position 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 acquiring an additional 382,664 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of Viant Technology in the second quarter valued at $7,239,000. Renaissance Technologies LLC raised its stake in shares of Viant Technology by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after acquiring an additional 12,683 shares in the last quarter. Finally, 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 purchasing an additional 205,160 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.