Viant Technology (NASDAQ:DSP) Director Max Valdes Sells 3,300 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max Valdes sold 3,300 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.10, for a total value of $39,930.00. Following the completion of the transaction, the director directly owned 32,835 shares in the company, valued at $397,303.50. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viant Technology Price Performance

Viant Technology stock opened at $11.58 on Thursday. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The company has a market capitalization of $758.84 million, a price-to-earnings ratio of 32.17 and a beta of 1.04. The firm’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.19.

Viant Technology (NASDAQ:DSP) last released its quarterly 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 firm had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after purchasing an additional 20,779 shares during the last quarter. AQR Capital Management LLC grew its position in Viant Technology by 303.6% in the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock worth $587,000 after purchasing an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Viant Technology by 77.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after purchasing an additional 59,323 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Viant Technology in the 2nd quarter worth about $166,000. Finally, Geode Capital Management LLC grew its position in Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after purchasing an additional 22,857 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

DSP has been the topic of several analyst reports. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Thursday, April 16th. Finally, DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. 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 stock. According to data from 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.