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 company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total transaction of $163,350.00. Following the completion of the transaction, the insider directly owned 22,500 shares of the company’s stock, valued at approximately $245,025. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $11.19 on Friday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The stock’s 50-day simple moving average is $11.04 and its 200-day simple moving average is $10.94. The firm has a market cap of $733.28 million, a price-to-earnings ratio of 31.08 and a beta of 1.00.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, research analysts predict that Viant Technology Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

DSP has been the topic of a number of research analyst reports. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Loop Capital set a $14.50 price target on Viant Technology in a research note on Tuesday, March 10th. DA Davidson boosted their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently made changes to their positions in DSP. Rhumbline Advisers grew its position in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Viant Technology by 4.3% in 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 during the last quarter. Russell Investments Group Ltd. boosted its stake in 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 during the period. Strs Ohio grew its position in Viant Technology by 4.5% in 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 last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Viant Technology by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after buying an additional 2,122 shares during the last quarter. 11.38% of the stock is owned by institutional investors.

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.