Viant Technology (NASDAQ:DSP) Major Shareholder Sells 15,000 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.17, for a total value of $167,550.00. Following the transaction, the insider owned 22,500 shares of the company’s stock, valued at $251,325. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Stock Up 2.5%

NASDAQ:DSP traded up $0.27 on Thursday, reaching $11.24. 447,222 shares of the company’s stock were exchanged, compared to its average volume of 300,733. The firm has a market capitalization of $736.56 million, a price-to-earnings ratio of 31.22 and a beta of 1.04. The business has a fifty day moving average of $11.22 and a 200-day moving average of $11.22. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $15.18.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, equities analysts anticipate that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC purchased a new stake in shares of Viant Technology during the 3rd quarter worth $2,150,000. Tudor Investment Corp ET AL grew its stake in shares of Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after purchasing an additional 54,507 shares in the last quarter. Norwood Investment Partners LP purchased a new position in Viant Technology in the fourth quarter valued at $1,186,000. Dynamic Technology Lab Private Ltd increased its holdings in Viant Technology by 474.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after buying an additional 58,251 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Viant Technology by 72.3% in the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after buying an additional 382,664 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on DSP shares. B. Riley Financial raised their price target on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. DA Davidson increased their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Two equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.00.

Viant Technology Company Profile

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.