Viant Technology (NASDAQ:DSP) CEO Timothy Vanderhook Sells 2,796 Shares

Key Points

• CEO Timothy Vanderhook sold 2,796 shares on April 22 at an average price of $10.74 under a pre-arranged Rule 10b5-1 plan and has sold roughly 15,074 shares in recent trades (about $170k in proceeds across April and January filings).
• Shares traded up 0.9% to $10.78 on Wednesday with volume roughly in line with average; the company has a market cap of about $683 million, a P/E of 33.7, and a 52-week range of $8.11–$16.25.
• Wall Street sentiment is broadly positive with a consensus "Buy" rating, an average price target of $17.79, and recent price targets as high as $20.00 from Rosenblatt.

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CEO Timothy Vanderhook sold 2,796 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $10.74, for a total transaction of $30,029.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 21st, Timothy Vanderhook sold 4,704 shares of Viant Technology stock. The shares were sold at an average price of $10.91, for a total transaction of $51,320.64.
• On Monday, April 20th, Timothy Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $11.12, for a total transaction of $55,600.00.
• 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.

Viant Technology Stock Up 0.9%

Shares of NASDAQ DSP traded up $0.10 during trading on Wednesday, reaching $10.78. 191,888 shares of the company traded hands, compared to its average volume of 191,493. The firm has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $10.62. The stock has a market capitalization of $682.91 million, a PE ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $16.25.

Institutional Trading of Viant Technology

Large investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC bought a new stake in Viant Technology during the third quarter valued at approximately $2,150,000. Tudor Investment Corp ET AL raised its stake in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company's stock worth $1,654,000 after acquiring an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company's stock worth $609,000 after acquiring an additional 58,251 shares during the period. State of Alaska Department of Revenue bought a new stake in Viant Technology during the 4th quarter worth approximately $64,000. Finally, GSA Capital Partners LLP raised its stake in Viant Technology by 88.6% during the 3rd quarter. GSA Capital Partners LLP now owns 112,741 shares of the company's stock worth $973,000 after acquiring an additional 52,974 shares during the period. 11.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DSP shares. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital upgraded Viant Technology to a "strong-buy" rating in a research note on Tuesday, March 10th. DA Davidson upped their price target on shares of Viant Technology from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Viant Technology in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $17.79.

About Viant Technology

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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