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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total transaction of $179,100.00. Following the completion of the sale, the insider directly owned 22,500 shares of the company’s stock, valued at $268,650. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large 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

NASDAQ:DSP traded up $0.29 on Thursday, hitting $12.75. The stock had a trading volume of 212,149 shares, compared to its average volume of 161,571. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $26.33. The firm’s fifty day simple moving average is $11.41 and its two-hundred day simple moving average is $10.79. The stock has a market cap of $795.98 million, a P/E ratio of 115.92 and a beta of 1.03.

Viant Technology (NASDAQ:DSP) last released 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). The business had revenue of $85.58 million during the quarter, compared to the consensus estimate of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. Equities research analysts predict that Viant Technology Inc. will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DSP shares. DA Davidson lifted their target price on Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. B. Riley reiterated a “buy” rating and issued a $16.50 target price (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.50.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in shares of Viant Technology during the 3rd quarter valued at approximately $31,000. AlphaQuest LLC raised its holdings in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after acquiring an additional 3,443 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Viant Technology by 433.7% during the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after acquiring an additional 6,454 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Viant Technology in the third quarter worth $100,000. Finally, Quantbot Technologies LP bought a new position in shares of Viant Technology in the third quarter worth $137,000. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.