Viant Technology (NASDAQ:DSP) Major Shareholder Sells $167,550.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.17, for a total value of $167,550.00. Following the completion of the transaction, the insider owned 22,500 shares of the company’s stock, valued at $251,325. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transactions with the SEC.

Viant Technology Price Performance

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

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 net margin of 2.51% and a return on equity of 2.40%. The business had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Equities research analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

DSP has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research note on Tuesday, March 10th. 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 report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Two investment 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, the company currently has an average rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently added to or reduced their stakes in DSP. Topline Capital Management LLC purchased a new stake in Viant Technology during the 3rd quarter worth approximately $2,150,000. Tudor Investment Corp ET AL boosted its stake in shares of Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after buying an additional 54,507 shares during the last quarter. Norwood Investment Partners LP purchased a new position in shares of Viant Technology during the 4th quarter valued at approximately $1,186,000. Dynamic Technology Lab Private Ltd grew its position in shares of Viant Technology by 474.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after buying an additional 58,251 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 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.