Capital Llc Sells 15,000 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total transaction of $176,100.00. Following the completion of the transaction, the insider directly owned 22,500 shares in the company, valued at approximately $264,150. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Trading Up 3.2%

Shares of NASDAQ:DSP traded up $0.37 during trading on Thursday, reaching $11.91. 294,769 shares of the stock were exchanged, compared to its average volume of 246,873. The firm has a market cap of $743.54 million, a PE ratio of 108.28 and a beta of 1.05. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $26.33. The stock has a 50-day moving average price of $9.90 and a 200-day moving average price of $11.04.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The firm had revenue of $85.58 million for the quarter, compared to analyst estimates of $85.54 million. On average, sell-side analysts expect that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DSP has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Tuesday, November 11th. B. Riley reiterated a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Viant Technology during the second quarter worth $8,443,000. Granite Investment Partners LLC bought a new stake in Viant Technology during the 2nd quarter worth $7,239,000. Punch & Associates Investment Management Inc. increased its holdings in Viant Technology by 37.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after purchasing an additional 267,326 shares in the last quarter. Topline Capital Management LLC bought a new position in Viant Technology in the third quarter valued at about $2,150,000. Finally, Whetstone Capital Advisors LLC acquired a new stake in shares of Viant Technology during the first quarter valued at about $1,472,000. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.