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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of Viant Technology stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $10.96, for a total value of $82,200.00. Following the transaction, the insider owned 37,500 shares in the company, valued at approximately $411,000. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Viant Technology Price Performance

Shares of DSP traded up $0.27 during midday trading on Thursday, reaching $11.24. The stock had a trading volume of 447,222 shares, compared to its average volume of 300,733. The company has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. The firm’s 50 day moving average price is $11.22 and its 200-day moving average price is $11.22. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, equities analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DSP shares. 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. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. DA Davidson lifted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $14.50 price target on Viant Technology in a report on Tuesday, March 10th. Two investment 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’s stock. Based on data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and an average target price of $18.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DSP. Russell Investments Group Ltd. raised its holdings in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares during the period. CWM LLC grew its position in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Viant Technology by 620.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue acquired a new stake in Viant Technology during the 4th quarter worth about $64,000. Finally, BNP Paribas Financial Markets grew its stake in Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.