Viant Technology (NASDAQ:DSP) Director Max Valdes Sells 3,386 Shares

Viant Technology Inc. (NASDAQ:DSP) Director Max Valdes sold 3,386 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $11.97, for a total transaction of $40,530.42. Following the sale, the director owned 29,449 shares of the company’s stock, valued at approximately $352,504.53. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Viant Technology Trading Down 2.5%

Shares of DSP opened at $11.58 on Thursday. The firm has a market cap of $758.84 million, a PE ratio of 32.17 and a beta of 1.04. The firm has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $11.19. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its 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). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The company had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. As a group, research analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in shares of Viant Technology by 81.6% during the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after purchasing an additional 28,052 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after purchasing an additional 190,248 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Viant Technology in the 1st quarter valued at about $97,000. Hillsdale Investment Management Inc. bought a new position in shares of Viant Technology in the 1st quarter valued at about $320,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Viant Technology by 8.2% in the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after acquiring an additional 2,122 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. B. Riley Financial boosted their price objective on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Two equities 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. According to data from MarketBeat, the stock 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.