Insider Selling: Viant Technology (NASDAQ:DSP) COO Sells 8,782 Shares of Stock

Key Points

• Viant Technology COO Christopher Vanderhook sold 8,782 shares of the company's stock for approximately $85,448.86, reducing his position by 2.41% and retaining 356,284 shares valued at over $3.4 million.
• Viant's stock recently traded at $9.37, with a market cap of approximately $589.84 million and a price-to-earnings ratio of 72.08.
• Analyst ratings for Viant Technology are predominantly positive, with one strong buy and eight buy ratings, alongside a decreasing target price average now set at $19.78.

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $85,448.86. Following the completion of the transaction, the chief operating officer owned 356,284 shares in the company, valued at approximately $3,466,643.32. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Viant Technology Stock Down 3.3%

NASDAQ:DSP traded down $0.31 during midday trading on Friday, reaching $9.09. The stock had a trading volume of 527,086 shares, compared to its average volume of 229,112. The firm has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $12.75. Viant Technology Inc. has a 12-month low of $9.05 and a 12-month high of $26.33. The stock has a market cap of $572.22 million, a P/E ratio of 69.93 and a beta of 1.11.

Wall Street Analyst Weigh In

Several brokerages have commented on DSP. JMP Securities decreased their target price on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. DA Davidson began coverage on shares of Viant Technology in a research report on Friday, August 29th. They set a "buy" rating and a $15.00 target price on the stock. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Viant Technology in a research report on Tuesday, August 12th. Raymond James Financial decreased their target price on shares of Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $19.78.

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Northern Trust Corp lifted its holdings in Viant Technology by 11.2% in the 4th quarter. Northern Trust Corp now owns 158,512 shares of the company's stock valued at $3,010,000 after purchasing an additional 15,996 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Viant Technology in the 4th quarter valued at about $1,898,000. BNP Paribas Financial Markets purchased a new position in Viant Technology in the 4th quarter valued at about $484,000. Bank of America Corp DE lifted its holdings in Viant Technology by 13.8% in the 4th quarter. Bank of America Corp DE now owns 33,272 shares of the company's stock valued at $632,000 after purchasing an additional 4,030 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Viant Technology by 30.8% in the 4th quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after purchasing an additional 4,012 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

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.