Viant Technology (NASDAQ:DSP) COO Sells $29,475.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 2,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.79, for a total transaction of $29,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00.
• On Wednesday, December 17th, Christopher Vanderhook sold 9,102 shares of Viant Technology stock. The shares were sold at an average price of $11.70, for a total transaction of $106,493.40.

Viant Technology Price Performance

DSP stock opened at $11.76 on Monday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $26.33. The firm has a 50-day moving average of $9.97 and a 200 day moving average of $10.99. The company has a market cap of $734.18 million, a P/E ratio of 106.92 and a beta of 1.05.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The firm had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. On average, equities research analysts expect that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Viant Technology in the 3rd quarter worth approximately $31,000. AlphaQuest LLC raised its stake in shares of Viant Technology by 287.6% in the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after purchasing an additional 3,443 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Viant Technology by 433.7% during the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after purchasing an additional 6,454 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Viant Technology during the second quarter valued at $75,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Viant Technology during the third quarter valued at $100,000. Institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DSP shares. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. B. Riley reissued a “buy” rating and set a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. DA Davidson raised their target price on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.50.

Key Headlines Impacting Viant Technology

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Strategic partnership: Viant announced a strategic integration with iHeartMedia to enable addressable audio at scale — this expands Viant’s addressable inventory and advertiser reach in audio and podcasting, a tangible commercial growth opportunity. iHeartMedia and Viant Partner
• Positive Sentiment: Analyst backdrop: Brokerages maintain a buy consensus and several price-target upgrades/affirmations, supporting upside expectations versus the current quote. That institutional sentiment can cushion downside and attract buyers. Analyst Consensus: Buy
• Neutral Sentiment: Valuation and technicals: DSP still trades with a high trailing P/E and has recently been around its 50- and 200-day moving averages; the combination of stretched valuation and mixed fundamentals means traders may react strongly to incremental news. Market Data & Profile
• Negative Sentiment: Insider and major-holder selling: Multiple insiders disclosed sales on Dec. 17 — CFO Larry Madden sold 13,477 shares (~$157.7K at ~$11.70), the COO sold several tranches, and major shareholder Capital V LLC sold 15,000 shares (reported as a ~40% stake reduction in that filing). Large or clustered insider/holder sales can be read as a near-term negative catalyst and may increase selling pressure. Insider Selling Details

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.