Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells $55,850.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.17, for a total transaction of $55,850.00. Following the completion of the transaction, the chief operating officer directly owned 7,500 shares of the company’s stock, valued at $83,775. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Thursday, June 18th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.96, for a total transaction of $27,400.00.
• On Monday, June 15th, Christopher Vanderhook sold 9,125 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total transaction of $101,287.50.
• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $10.79, for a total transaction of $26,975.00.
• On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $10.89, for a total transaction of $54,450.00.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $11.24 on Friday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The company has a market cap of $736.56 million, a price-to-earnings ratio of 31.22 and a beta of 1.04. The firm has a 50 day simple moving average of $11.24 and a 200 day simple moving average of $11.22.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. As a group, analysts expect that Viant Technology Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on DSP. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. Finally, DA Davidson upped their price target on shares of 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $18.00.

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC increased its position in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Viant Technology by 620.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after buying an additional 2,483 shares during the period. State of Alaska Department of Revenue bought a new position in Viant Technology during the fourth quarter worth $64,000. Finally, BNP Paribas Financial Markets lifted its holdings in Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after buying an additional 6,454 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

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.