Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 7,500 Shares

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of Viant Technology stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.79, for a total value of $80,925.00. Following the sale, the insider owned 37,500 shares in the company, valued at $404,625. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Price Performance

Shares of NASDAQ DSP traded up $0.05 during mid-day trading on Thursday, reaching $11.00. 186,119 shares of the company’s stock were exchanged, compared to its average volume of 253,669. The firm has a market capitalization of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18. The firm has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $10.93.

Viant Technology (NASDAQ:DSP) last announced 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). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The firm had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. As a group, sell-side analysts forecast that Viant Technology Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DSP shares. Loop Capital set a $14.50 price objective on Viant Technology in a research note on Tuesday, March 10th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial boosted their price objective on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $18.00.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently bought and sold shares of DSP. Russell Investments Group Ltd. boosted its stake in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after buying an additional 1,228 shares in the last quarter. CWM LLC boosted its stake in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Viant Technology by 620.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after buying an additional 2,483 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Viant Technology in the fourth quarter worth approximately $64,000. Finally, BNP Paribas Financial Markets boosted its stake in Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after buying an additional 6,454 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.