Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook Sells 8,960 Shares

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CEO Timothy Vanderhook sold 8,960 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the completion of the sale, the chief executive officer now directly owns 365,076 shares of the company's stock, valued at approximately $4,775,194.08. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Viant Technology Price Performance

Viant Technology stock traded up $0.40 during midday trading on Monday, hitting $13.03. 308,722 shares of the company were exchanged, compared to its average volume of 239,997. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The company's fifty day moving average price is $13.88 and its 200-day moving average price is $16.86. The company has a market cap of $815.25 million, a PE ratio of 217.20 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DSP. Raymond James cut their target price on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $21.00.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently modified their holdings of DSP. Rhumbline Advisers lifted its stake in Viant Technology by 2.8% in the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after buying an additional 1,214 shares during the last quarter. Strs Ohio acquired a new stake in Viant Technology in the first quarter worth approximately $506,000. Goldman Sachs Group Inc. lifted its holdings in shares of Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company's stock valued at $1,691,000 after buying an additional 59,323 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Viant Technology during the 1st quarter valued at about $417,000. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Viant Technology by 37.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company's stock valued at $12,283,000 after buying an additional 267,326 shares in the last quarter. Institutional investors own 11.38% of the company's stock.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.