Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 7,500 Shares of Stock

Viant Technology Inc. (NASDAQ:DSPGet Free Report) major shareholder Capital Llc sold 7,500 shares of Viant Technology stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $10.96, for a total transaction of $82,200.00. Following the transaction, the insider directly owned 37,500 shares of the company’s stock, valued at $411,000. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Viant Technology Stock Up 2.5%

NASDAQ:DSP opened at $11.24 on Friday. The firm has a market cap of $736.56 million, a PE ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18. The company’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $11.22.

Viant Technology (NASDAQ:DSPGet Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The firm had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, research analysts expect that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Loop Capital set a $14.50 price target on Viant Technology in a report on Tuesday, March 10th. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Finally, Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. 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 company. According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and a consensus price target of $18.00.

View Our Latest Research Report on DSP

Institutional Investors Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently made changes to their positions in DSP. Russell Investments Group Ltd. raised its position in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC increased its position in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Viant Technology by 620.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue acquired a new position in Viant Technology during the 4th quarter valued at about $64,000. Finally, BNP Paribas Financial Markets lifted its position in Viant Technology by 433.7% during 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 during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

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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