Viant Technology Inc. (NASDAQ:DSP – Get Free Report) major shareholder Capital Llc sold 15,000 shares of Viant Technology stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total transaction of $163,350.00. Following the sale, the insider directly owned 22,500 shares of the company’s stock, valued at approximately $245,025. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% 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 midday trading on Thursday, hitting $11.00. 186,119 shares of the company were exchanged, compared to its average volume of 253,669. The company has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $10.93. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18. The company has a market capitalization of $696.85 million, a PE ratio of 30.56 and a beta of 1.00.
Viant Technology (NASDAQ:DSP – Get Free Report) last announced its quarterly earnings results 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 return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. As a group, equities research analysts expect that Viant Technology Inc. will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Viant Technology
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Loop Capital set a $14.50 price target on Viant Technology in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $18.00.
View Our Latest Stock Analysis on DSP
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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