Insider Selling: Viant Technology (NASDAQ:DSP) Major Shareholder Sells 15,000 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total value of $163,350.00. Following the completion of the transaction, the insider directly owned 22,500 shares in the company, valued at $245,025. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Viant Technology Trading Up 0.5%

NASDAQ:DSP traded up $0.05 during mid-day trading on Thursday, hitting $11.00. The company had a trading volume of 186,119 shares, compared to its average volume of 253,669. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The firm has a market capitalization of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. The business has a fifty day simple moving average of $11.04 and a 200-day simple moving average of $10.93.

Viant Technology (NASDAQ:DSP) last issued 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 firm had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. As a group, research analysts anticipate that Viant Technology Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of Viant Technology

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC boosted its holdings in 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. Caitong International Asset Management Co. Ltd boosted its holdings in Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue bought a new stake in Viant Technology in the 4th quarter valued at $64,000. Finally, BNP Paribas Financial Markets boosted its holdings in 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. 11.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. DA Davidson boosted their target price on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. B. Riley Financial boosted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Thursday, April 16th. Two investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.00.

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.