Viant Technology Inc. (NASDAQ:DSP – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $10.59, but opened at $11.98. Viant Technology shares last traded at $10.98, with a volume of 103,065 shares.
Analyst Ratings Changes
DSP has been the subject of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Thursday, April 16th. Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. DA Davidson increased their price target on shares of Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $17.79.
Check Out Our Latest Research Report on DSP
Viant Technology Stock Up 3.0%
Viant Technology (NASDAQ:DSP – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a net margin of 2.43% and a return on equity of 1.31%. The company had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Equities research analysts forecast that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.
Insider Transactions at Viant Technology
In related news, CFO Larry Madden sold 12,782 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $10.16, for a total transaction of $129,865.12. Following the completion of the sale, the chief financial officer directly owned 553,699 shares of the company’s stock, valued at $5,625,581.84. This trade represents a 2.26% decrease in their ownership of the stock. 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 8,389 shares of Viant Technology stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $10.74, for a total transaction of $90,097.86. Following the completion of the transaction, the insider owned 37,500 shares in the company, valued at approximately $402,750. This trade represents a 18.28% 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. Insiders sold 178,283 shares of company stock worth $1,883,485 over the last 90 days. 29.40% of the stock is currently owned by insiders.
Institutional Trading of Viant Technology
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC purchased a new position in Viant Technology during the third quarter worth about $2,150,000. Tudor Investment Corp ET AL lifted its position in Viant Technology by 39.7% in the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after purchasing an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after purchasing an additional 58,251 shares in the last quarter. AlphaQuest LLC boosted its holdings in Viant Technology by 371.6% in the 3rd quarter. AlphaQuest LLC now owns 21,883 shares of the company’s stock valued at $189,000 after purchasing an additional 17,243 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in Viant Technology during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.
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.
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