72,500 Shares in Viant Technology Inc. $DSP Acquired by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,500 shares of the company’s stock, valued at approximately $873,000. Nano Cap New Millennium Growth Fund L P owned approximately 0.12% of Viant Technology at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Viant Technology in the 4th quarter valued at $64,000. BNP Paribas Financial Markets boosted its holdings in shares of 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 in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Viant Technology in the 3rd quarter valued at $100,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Viant Technology in the 3rd quarter valued at $137,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DSP shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. B. Riley Financial raised their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Loop Capital set a $14.50 target price on Viant Technology in a report on Tuesday, March 10th. Finally, Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 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, Viant Technology presently has a consensus rating of “Buy” and an average price target of $18.00.

Viant Technology Stock Up 0.5%

NASDAQ DSP opened at $11.00 on Friday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The company has a market cap of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. The business’s fifty day moving average is $11.04 and its 200 day moving average is $10.93.

Viant Technology (NASDAQ:DSP) last released 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 net margin of 2.51% and a return on equity of 2.40%. The firm had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. On average, research analysts anticipate that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Transactions at Viant Technology

In related news, CEO Timothy Vanderhook sold 2,796 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $10.74, for a total transaction of $30,029.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.79, for a total value of $80,925.00. Following the transaction, the insider directly owned 37,500 shares of the company’s stock, valued at approximately $404,625. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,798 shares of company stock worth $2,181,451. Insiders own 29.40% of the company’s stock.

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.