72,500 Shares in Viant Technology Inc. $DSP Bought by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Viant Technology Inc. (NASDAQ:DSP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 72,500 shares of the company’s stock, valued at approximately $873,000.

Other large investors have also bought and sold shares of the company. CWM LLC raised 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 during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Viant Technology in the 4th quarter worth about $64,000. BNP Paribas Financial Markets raised its position in shares of Viant Technology by 433.7% in the 3rd 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 3rd quarter worth about $100,000. Finally, Quantbot Technologies LP bought a new position in shares of Viant Technology in the 3rd quarter worth about $137,000. 11.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DSP shares. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research report on Thursday, April 16th. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.00.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $11.00 on Friday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The firm has a market capitalization of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. The business has a 50-day simple moving average of $11.04 and a 200 day simple moving average of $10.93.

Viant Technology (NASDAQ:DSP) last issued its 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 firm had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. On average, sell-side analysts expect that Viant Technology Inc. will post -0.12 EPS for the current year.

Insider Transactions at Viant Technology

In related news, COO Christopher Vanderhook sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.79, for a total value of $26,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Vanderhook sold 2,796 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $10.74, for a total value of $30,029.04. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 195,798 shares of company stock valued at $2,181,451. 29.40% of the stock is currently owned by corporate insiders.

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.