Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 15,000 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total value of $163,350.00. Following the completion of the transaction, the insider owned 22,500 shares of the company’s stock, valued at $245,025. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Up 0.5%

NASDAQ DSP opened at $11.00 on Friday. The company has a market cap of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The business’s fifty day moving average is $11.04 and its 200 day moving average is $10.93.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of Viant Technology by 246.4% during the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after buying an additional 20,779 shares during the period. AQR Capital Management LLC grew its stake in shares of Viant Technology by 303.6% in the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after buying an additional 35,578 shares during the period. Goldman Sachs Group Inc. increased 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 valued at $1,691,000 after buying an additional 59,323 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Viant Technology during the 2nd quarter worth approximately $166,000. Finally, Geode Capital Management LLC raised its stake in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after buying an additional 22,857 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

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.