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IRVINE, CA—Christopher Vanderhook, Chief Operating Officer of Viant Technology Inc. (NASDAQ:DSP), has sold 8,960 shares of the company’s Class A common stock, according to a recent SEC filing. The company, which InvestingPro data shows is currently trading at $12.63, has seen its stock decline about 13% in the past week despite maintaining strong fundamentals and a healthy balance sheet. The shares were sold at an average price of $13.0778, amounting to a total transaction value of approximately $117,177. Following this sale, Vanderhook retains ownership of 365,076 shares. The company maintains robust financial health with more cash than debt on its balance sheet and a comfortable current ratio of 2.71x, indicating strong liquidity.
The sale was conducted to cover estimated taxes associated with the vesting and settlement of restricted stock units, as noted in the filing. This transaction was executed as part of a plan instituted by Viant Technology on Vanderhook’s behalf. For deeper insights into insider transactions and comprehensive financial analysis, including 14 additional ProTips, explore InvestingPro’s detailed research report on Viant Technology.
In other recent news, Viant Technology Inc. reported impressive first-quarter 2025 earnings, significantly outperforming analysts’ expectations. The company posted an earnings per share (EPS) of $0.03, surpassing the anticipated loss of $0.07, while revenue reached $70.6 million, well above the expected $41.58 million. Additionally, Viant saw a 76% increase in adjusted EBITDA, totaling $5.4 million for the quarter. In terms of corporate governance, Viant Technology announced the appointment of Brett Wilson as a Class II director and member of the Audit Committee, effective May 12, 2025. The company also held its annual meeting of stockholders, where 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. On the analyst front, Scotiabank (TSX:BNS) adjusted Viant’s price target to $26.00 from $27.00, maintaining a Sector Outperform rating, highlighting the company’s strong performance despite mixed first-quarter results. These developments reflect Viant’s strategic focus on connected TV (CTV) and AI-driven advertising solutions, underscoring its robust market position and growth potential.
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