Viant Technology (NASDAQ:DSP) Major Shareholder Sells $80,925.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of the firm’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 transaction, the insider owned 37,500 shares in the company, valued at $404,625. This represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 transactions with the SEC.

Viant Technology Price Performance

Shares of DSP opened at $11.19 on Friday. The company has a market capitalization of $733.33 million, a PE ratio of 31.08 and a beta of 1.00. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The company’s fifty day moving average price is $11.04 and its 200 day moving average price is $10.94.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Analysts anticipate that Viant Technology Inc. will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of DSP. Royce & Associates LP raised its stake in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the last quarter. Topline Capital Management LLC bought a new stake in Viant Technology in the third quarter valued at approximately $2,150,000. Invenomic Capital Management LP bought a new stake in Viant Technology in the fourth quarter valued at approximately $2,748,000. Millennium Management LLC increased its stake in Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after purchasing an additional 205,160 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after purchasing an additional 190,248 shares in the last quarter. 11.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. B. Riley Financial boosted their price target on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, DA Davidson boosted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $18.00.

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.