Capital Llc Sells 7,722 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,722 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.87, for a total transaction of $99,382.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Price Performance

NASDAQ DSP traded up $0.29 during mid-day trading on Thursday, reaching $12.75. 212,149 shares of the stock were exchanged, compared to its average volume of 161,571. The stock has a market cap of $795.98 million, a P/E ratio of 115.92 and a beta of 1.03. Viant Technology Inc. has a one year low of $8.11 and a one year high of $26.33. The stock has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $10.79.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DSP. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. 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 report on Tuesday, November 11th. Citizens Jmp decreased their price target on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th. Finally, B. Riley reissued a “buy” rating and set a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. grew its holdings in shares of Viant Technology by 3.8% during the third quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock valued at $10,352,000 after buying an additional 44,357 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in Viant Technology in the 2nd quarter valued at about $8,443,000. Granite Investment Partners LLC acquired a new position in Viant Technology during the 2nd quarter valued at about $7,239,000. Geode Capital Management LLC boosted its stake in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after purchasing an additional 22,857 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Viant Technology by 6.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 276,689 shares of the company’s stock worth $3,661,000 after purchasing an additional 15,786 shares in the last quarter. 11.38% of the stock is owned by institutional investors.

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.