Capital Llc Sells 15,000 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total transaction of $176,100.00. Following the transaction, the insider directly owned 22,500 shares of the company’s stock, valued at $264,150. The trade was a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Stock Performance

Shares of NASDAQ:DSP traded up $0.37 during mid-day trading on Thursday, reaching $11.91. 294,769 shares of the company’s stock were exchanged, compared to its average volume of 246,873. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $26.33. The firm has a market capitalization of $743.54 million, a price-to-earnings ratio of 108.28 and a beta of 1.05. The business’s fifty day moving average price is $9.90 and its 200-day moving average price is $11.04.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The company had revenue of $85.58 million for the quarter, compared to the consensus estimate of $85.54 million. Analysts predict that Viant Technology Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, November 11th. B. Riley reissued a “buy” rating and issued a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, Citizens Jmp lowered their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus price target of $18.50.

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Viant Technology by 2.4% in the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after purchasing an additional 1,109 shares during the last quarter. Huntleigh Advisors Inc. grew its stake in Viant Technology by 5.8% in the 2nd quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock valued at $314,000 after purchasing an additional 1,290 shares during the period. Martingale Asset Management L P increased its position in shares of Viant Technology by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 28,353 shares of the company’s stock valued at $352,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of Viant Technology by 4.5% during the 3rd quarter. Strs Ohio now owns 39,300 shares of the company’s stock worth $339,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.