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

Viant Technology Inc. (NASDAQ:DSPGet Free Report) Director Max Valdes sold 3,386 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $11.97, for a total transaction of $40,530.42. Following the transaction, the director owned 29,449 shares in the company, valued at $352,504.53. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Viant Technology Trading Down 3.6%

Shares of DSP opened at $11.16 on Friday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The firm has a market capitalization of $731.31 million, a P/E ratio of 31.00 and a beta of 1.04. The firm’s 50-day moving average is $11.22 and its two-hundred day moving average is $11.20.

Viant Technology (NASDAQ:DSPGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) 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 business had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Analysts predict that Viant Technology Inc. will post -0.18 EPS for the current year.

Institutional Trading of Viant Technology

Hedge funds have recently bought and sold shares of the company. Topline Capital Management LLC acquired a new stake in Viant Technology during the third quarter worth approximately $2,150,000. Tudor Investment Corp ET AL boosted its position in Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after acquiring an additional 54,507 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Viant Technology by 474.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after acquiring an additional 58,251 shares during the last quarter. Royce & Associates LP boosted its position in Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Viant Technology during the fourth quarter worth approximately $873,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

DSP has been the topic of several recent research reports. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. 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 issued a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.00.

Read Our Latest Stock Analysis on Viant Technology

Viant Technology Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Viant Technology (NASDAQ:DSP)

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