Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 15,000 Shares

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of Viant Technology stock in a transaction on Tuesday, June 16th. The stock was 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 in the company, valued at $251,325. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Up 2.5%

Shares of Viant Technology stock opened at $11.24 on Friday. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The firm has a market capitalization of $736.56 million, a PE ratio of 31.22 and a beta of 1.04. The stock’s fifty day moving average is $11.22 and its 200-day moving average is $11.22.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share 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%. Analysts expect that Viant Technology Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

DSP has been the topic of several analyst reports. Loop Capital set a $14.50 target price on shares of Viant Technology in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. B. Riley Financial boosted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $18.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position 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 buying an additional 1,228 shares in the last quarter. CWM LLC increased its stake 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 during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Viant Technology by 620.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after acquiring an additional 2,483 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Viant Technology during the fourth quarter worth $64,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 acquiring an additional 6,454 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.