Insider Selling: Viant Technology (NASDAQ:DSP) Major Shareholder Sells $82,200.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of the business’s stock in a transaction on 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 owned 37,500 shares of the company’s stock, valued at approximately $411,000. The trade was a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of DSP stock opened at $11.24 on Friday. The firm’s 50 day moving average price is $11.24 and its two-hundred day moving average price is $11.22. The stock has a market cap of $736.56 million, a PE ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. As a group, sell-side analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on DSP shares. B. Riley Financial lifted their price objective on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Loop Capital set a $14.50 target price on Viant Technology 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Viant Technology has an average rating of “Buy” and an average target price of $18.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DSP. Rhumbline Advisers increased its position in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Viant Technology by 4.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after acquiring an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares during the period. Hsbc Holdings PLC increased its holdings in Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock worth $332,000 after purchasing an additional 2,122 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 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.