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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.79, for a total transaction of $80,925.00. Following the completion of the sale, the insider directly owned 37,500 shares in the company, valued at $404,625. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a 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 at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $11.19 on Friday. The stock has a market capitalization of $733.28 million, a price-to-earnings ratio of 31.08 and a beta of 1.00. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $15.18. The company’s fifty day moving average is $11.04 and its two-hundred day moving average is $10.94.

Viant Technology (NASDAQ:DSP) last issued its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Sell-side analysts expect that Viant Technology Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in shares of Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after purchasing an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after purchasing an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. Strs Ohio boosted its position in shares of Viant Technology by 4.5% during the 3rd quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after purchasing an additional 2,122 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DSP. B. Riley Financial increased their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.00.

Viant Technology Company Profile

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.