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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CEO Timothy Vanderhook sold 8,960 shares of Viant Technology stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Viant Technology Stock Down 3.7%

DSP traded down $0.49 during midday trading on Friday, reaching $12.63. The company had a trading volume of 507,342 shares, compared to its average volume of 239,060. The business has a 50-day moving average of $13.88 and a two-hundred day moving average of $16.88. Viant Technology Inc. has a 1 year low of $8.70 and a 1 year high of $26.33. The company has a market cap of $790.22 million, a P/E ratio of 210.54 and a beta of 1.14.

Institutional Investors Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Viant Technology by 353.7% in the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock worth $8,323,000 after purchasing an additional 341,684 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Viant Technology during the first quarter worth about $4,023,000. Harbor Capital Advisors Inc. purchased a new position in Viant Technology in the 1st quarter worth approximately $3,867,000. Punch & Associates Investment Management Inc. lifted its holdings in Viant Technology by 37.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company's stock worth $12,283,000 after purchasing an additional 267,326 shares in the last quarter. Finally, Norwood Investment Partners LP bought a new position in Viant Technology in the 1st quarter worth approximately $2,881,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DSP. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Viant Technology in a report on Wednesday, May 7th. Needham & Company LLC reiterated a "buy" rating and set a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Finally, Raymond James lowered their target price on Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has an average rating of "Buy" and a consensus target price of $21.00.

Viant Technology Company Profile

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.

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