Insider Selling: Viant Technology (NASDAQ:DSP) Director Sells 3,300 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max Valdes sold 3,300 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.10, for a total value of $39,930.00. Following the completion of the transaction, the director directly owned 32,835 shares in the company, valued at approximately $397,303.50. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.30 during trading on Wednesday, reaching $11.58. The company had a trading volume of 309,905 shares, compared to its average volume of 271,801. The firm has a market capitalization of $758.84 million, a price-to-earnings ratio of 32.17 and a beta of 1.04. The stock’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.19. 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 released its earnings results 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 company had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, equities analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. DA Davidson upped their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial upped their price objective on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

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