Capital Llc Sells 7,500 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.96, for a total value of $82,200.00. Following the sale, the insider directly owned 37,500 shares in the company, valued at $411,000. This trade represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

DSP opened at $11.24 on Friday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The business’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $11.22. The stock has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, equities research analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. DA Davidson lifted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 target price on Viant Technology in a research report on Tuesday, March 10th. Finally, Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.00.

Institutional Trading of Viant Technology

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after buying an additional 1,228 shares during the period. CWM LLC increased its position in shares of 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 acquiring an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Viant Technology by 620.7% during the 4th 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 position in shares of Viant Technology during the fourth quarter valued at $64,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after purchasing an additional 6,454 shares during the period. Institutional investors own 11.38% of the company’s stock.

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.