Norwood Investment Partners LP Takes $1.19 Million Position in Viant Technology Inc. $DSP

Norwood Investment Partners LP purchased a new stake in Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 98,511 shares of the company’s stock, valued at approximately $1,186,000. Viant Technology accounts for about 1.3% of Norwood Investment Partners LP’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Topline Capital Management LLC bought a new position in shares of Viant Technology in the 3rd quarter valued at $2,150,000. Tudor Investment Corp ET AL increased its holdings in shares of Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after buying an additional 54,507 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings 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. Royce & Associates LP increased its holdings 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. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Viant Technology during the fourth quarter worth $873,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Up 2.3%

Shares of Viant Technology stock opened at $11.37 on Wednesday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The stock has a market cap of $745.08 million, a price-to-earnings ratio of 31.58 and a beta of 1.04. The company’s fifty day moving average is $11.22 and its 200 day moving average is $11.22.

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

Insider Buying and Selling at Viant Technology

In related news, major shareholder Capital V. Llc sold 7,500 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.79, for a total value of $80,925.00. Following the sale, the insider owned 37,500 shares of the company’s stock, valued at $404,625. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Christopher Vanderhook sold 9,125 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $101,287.50. Following the completion of the sale, the chief operating officer directly owned 208,880 shares in the company, valued at approximately $2,318,568. This represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 248,660 shares of company stock worth $2,793,211. Company insiders own 29.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. B. Riley Financial upped their price target on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Two research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.00.

Viant Technology 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.