Key Points
- Viant Technology CFO Larry Madden sold 25,376 shares on June 15 at an average price of $11.10, totaling about $281,674 and reducing his stake by 5.24%. He still owns 459,155 shares valued at roughly $5.10 million.
- Madden has been actively selling shares in recent months, with multiple transactions in April, May, and June, including several larger sales at prices mostly between about $10.16 and $12.24 per share.
- Viant Technology’s latest earnings missed EPS expectations but beat revenue forecasts, reporting -$0.03 EPS versus the expected $0.08 and revenue of $88.54 million versus the $50.13 million estimate. Analysts currently have a consensus Buy rating on the stock with an average price target of $18.00.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) COO Christopher Vanderhook sold 9,125 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $101,287.50. Following the completion of the sale, the chief operating officer owned 208,880 shares in the company, valued at approximately $2,318,568. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Christopher Vanderhook also recently made the following trade(s):
- On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.79, for a total transaction of $26,975.00.
- On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $10.89, for a total transaction of $54,450.00.
- On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total value of $33,346.40.
- On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.80, for a total value of $59,000.00.
Viant Technology Price Performance
Shares of Viant Technology stock opened at $11.11 on Tuesday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The business has a 50-day moving average of $11.22 and a two-hundred day moving average of $11.21. The company has a market capitalization of $728.04 million, a P/E ratio of 30.86 and a beta of 1.04.
Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. On average, equities analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Viant Technology
Several hedge funds have recently modified their holdings of DSP. Royal Bank of Canada increased its position in shares of Viant Technology by 246.4% in the first quarter. Royal Bank of Canada now owns 29,213 shares of the company's stock valued at $363,000 after acquiring an additional 20,779 shares during the last quarter. AQR Capital Management LLC grew its stake in Viant Technology by 303.6% in the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company's stock valued at $587,000 after purchasing an additional 35,578 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 59,323 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Viant Technology during the 2nd quarter worth approximately $166,000. Finally, Geode Capital Management LLC increased its position in shares of Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock worth $5,036,000 after purchasing an additional 22,857 shares during the last quarter. Institutional investors own 11.38% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Viant Technology from a "hold (c)" rating to a "sell (d+)" rating in a research note on Wednesday, May 13th. DA Davidson raised their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a "strong-buy" rating in a research report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Finally, B. Riley Financial increased their target price on Viant Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $18.00.
Check Out Our Latest Analysis on DSP
Viant Technology Company Profile
(
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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