Royce & Associates LP Grows Stock Holdings in Viant Technology Inc. $DSP

Royce & Associates LP boosted its holdings in Viant Technology Inc. (NASDAQ:DSP) by 72.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 912,043 shares of the company’s stock after acquiring an additional 382,664 shares during the quarter. Royce & Associates LP’s holdings in Viant Technology were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after buying an additional 2,267 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Viant Technology in the 4th quarter valued at approximately $64,000. BNP Paribas Financial Markets grew its stake in Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after buying an additional 6,454 shares in the last quarter. Franklin Resources Inc. purchased a new position in Viant Technology in the 3rd quarter valued at approximately $100,000. Finally, Envestnet Asset Management Inc. purchased a new position in Viant Technology in the 2nd quarter valued at approximately $166,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $11.08 on Thursday. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $15.18. The firm has a fifty day moving average of $10.97 and a 200 day moving average of $11.00. The firm has a market capitalization of $726.07 million, a PE ratio of 30.78 and a beta of 1.00.

Viant Technology (NASDAQ:DSP) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $50.13 million. On average, sell-side analysts forecast that Viant Technology Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at Viant Technology

In related news, CFO Larry Madden sold 18,538 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $11.85, for a total value of $219,675.30. Following the completion of the transaction, the chief financial officer directly owned 535,161 shares in the company, valued at approximately $6,341,657.85. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $11.80, for a total transaction of $177,000.00. Following the completion of the transaction, the insider owned 23,760 shares of the company’s stock, valued at $280,368. This trade represents a 38.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 195,798 shares of company stock valued at $2,181,451 over the last quarter. 29.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DSP has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. 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. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average 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.