Viant Technology (NASDAQ:DSP) Director Sells $40,530.42 in Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max Valdes sold 3,386 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $11.97, for a total value of $40,530.42. Following the sale, the director directly owned 29,449 shares of the company’s stock, valued at $352,504.53. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.30 during midday trading on Wednesday, reaching $11.58. 309,905 shares of the company’s stock were exchanged, compared to its average volume of 271,801. The firm’s 50 day simple moving average is $11.22 and its two-hundred day simple moving average is $11.19. The stock has a market cap of $758.84 million, a price-to-earnings ratio of 32.17 and a beta of 1.04. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Equities research analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DSP. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. DA Davidson raised their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial lifted their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently bought and sold shares of DSP. Russell Investments Group Ltd. grew its position in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares in the last quarter. CWM LLC grew its position in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after acquiring an additional 2,483 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Viant Technology in the 4th quarter valued at about $64,000. Finally, BNP Paribas Financial Markets grew its position in Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.