Timothy Vanderhook Sells 4,926 Shares of Viant Technology (NASDAQ:DSP) Stock

by · The Cerbat Gem

Viant Technology Inc. (NASDAQ:DSP – Get Free Report) CEO Timothy Vanderhook sold 4,926 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $12.24, for a total transaction of $60,294.24. Following the completion of the transaction, the chief executive officer directly owned 2,574 shares in the company, valued at $31,505.76. The trade was a 65.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The shares were sold at an average price of $12.87, for a total transaction of $33,127.38.
  • On Tuesday, January 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.94, for a total transaction of $59,700.00.

Viant Technology Price Performance

Shares of DSP stock traded up $0.29 during trading hours on Thursday, hitting $12.75. The company had a trading volume of 212,149 shares, compared to its average volume of 161,571. The stock has a market capitalization of $795.98 million, a PE ratio of 115.92 and a beta of 1.03. The company’s fifty day moving average is $11.41 and its 200 day moving average is $10.79. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $26.33.

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

Institutional Investors Weigh In On Viant Technology

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of Viant Technology during the third quarter worth $31,000. AlphaQuest LLC raised its stake in Viant Technology by 287.6% in the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after buying an additional 3,443 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after buying an additional 6,454 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Viant Technology during the 3rd quarter worth about $100,000. Finally, Quantbot Technologies LP purchased a new position in shares of Viant Technology in the 3rd quarter valued at about $137,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, B. Riley restated a “buy” rating and issued a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus price target of $18.50.

View Our Latest Analysis on DSP

About Viant Technology

(Get Free Report)

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.

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