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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,500 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.79, for a total transaction of $88,425.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $11.76 on Friday. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $26.33. The company has a market capitalization of $734.18 million, a PE ratio of 106.92 and a beta of 1.05. The business has a 50-day moving average of $9.97 and a 200-day moving average of $11.01.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. The business had revenue of $85.58 million during the quarter, compared to analysts’ expectations of $85.54 million. On average, equities analysts expect that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DSP. DA Davidson lifted their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Finally, B. Riley reiterated a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and an average target price of $18.50.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its position in shares of Viant Technology by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after buying an additional 1,056 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares during the period. Huntleigh Advisors Inc. lifted its holdings in Viant Technology by 5.8% in the second quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock worth $314,000 after acquiring an additional 1,290 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Viant Technology by 4.9% in the first quarter. Martingale Asset Management L P now owns 28,353 shares of the company’s stock worth $352,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Strs Ohio boosted its stake in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after acquiring an additional 1,700 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

Key Stores Impacting Viant Technology

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Strategic partnership: Viant announced a strategic integration with iHeartMedia to enable addressable audio at scale — this expands Viant’s addressable inventory and advertiser reach in audio and podcasting, a tangible commercial growth opportunity. iHeartMedia and Viant Partner
• Positive Sentiment: Analyst backdrop: Brokerages maintain a buy consensus and several price-target upgrades/affirmations, supporting upside expectations versus the current quote. That institutional sentiment can cushion downside and attract buyers. Analyst Consensus: Buy
• Neutral Sentiment: Valuation and technicals: DSP still trades with a high trailing P/E and has recently been around its 50- and 200-day moving averages; the combination of stretched valuation and mixed fundamentals means traders may react strongly to incremental news. Market Data & Profile
• Negative Sentiment: Insider and major-holder selling: Multiple insiders disclosed sales on Dec. 17 — CFO Larry Madden sold 13,477 shares (~$157.7K at ~$11.70), the COO sold several tranches, and major shareholder Capital V LLC sold 15,000 shares (reported as a ~40% stake reduction in that filing). Large or clustered insider/holder sales can be read as a near-term negative catalyst and may increase selling pressure. Insider Selling Details

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.