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IRVINE, CA—Timothy Vanderhook, CEO and Chairman of Viant Technology Inc. (NASDAQ:DSP), recently sold 8,960 shares of the company’s Class A common stock. The transaction, which took place on June 13, 2025, was executed at an average price of $13.0778 per share, resulting in a total value of approximately $117,177. The advertising technology company, which currently maintains a market capitalization of $787 million, shows strong financial health according to InvestingPro data, with more cash than debt on its balance sheet.
Following this sale, Vanderhook holds 365,076 shares directly. According to the filing, the sale was conducted to cover estimated taxes associated with the vesting and settlement of restricted stock units. While the stock has experienced a 38% decline over the past six months, InvestingPro analysis suggests the company is currently undervalued, with net income expected to grow this year. For deeper insights, investors can access 14 additional ProTips and comprehensive valuation metrics through InvestingPro’s detailed research report.
Viant Technology, based in Irvine, California, continues to operate under Vanderhook’s leadership, with the sale reflecting a routine financial management decision. The company maintains healthy liquidity with a current ratio of 2.71, while management has been actively buying back shares, demonstrating confidence in the company’s future prospects.
In other recent news, Viant Technology Inc. reported impressive financial results for the first quarter of 2025, with earnings per share of $0.03, surpassing the anticipated loss of $0.07. The company achieved a significant revenue increase to $70.6 million, exceeding the expected $41.58 million, marking a 32% year-over-year growth. Additionally, Viant’s adjusted EBITDA rose by 76% to $5.4 million, reflecting robust financial health and operational efficiency. In other developments, Viant Technology announced the appointment of Brett Wilson as a Class II director and a member of the company’s Audit Committee, effective May 12, 2025. This move is part of Viant’s efforts to strengthen its leadership and governance. Furthermore, during the annual stockholders’ meeting, Max Valdes was elected as a Class I director, and Deloitte & Touche LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. Analyst firm Scotiabank (TSX:BNS) adjusted Viant’s price target to $26, maintaining a Sector Outperform rating, citing strong performance despite a challenging macroeconomic environment. These recent developments highlight Viant Technology’s strategic positioning and continued growth trajectory in the ad tech sector.
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