Max Valdes Sells 3,300 Shares of Viant Technology (NASDAQ:DSP) 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 stock was sold at an average price of $12.10, for a total transaction of $39,930.00. Following the completion of the transaction, the director owned 32,835 shares in the company, valued at approximately $397,303.50. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Viant Technology Stock Performance

Viant Technology stock opened at $11.16 on Friday. The firm’s 50-day moving average is $11.22 and its 200-day moving average is $11.20. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The company has a market cap of $731.31 million, a P/E ratio of 31.00 and a beta of 1.04.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The business had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. As a group, sell-side analysts predict that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. 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. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. B. Riley Financial lifted their price objective 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. Finally, DA Davidson lifted their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after buying an additional 1,056 shares during the period. JPMorgan Chase & Co. increased its stake in Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after buying an additional 1,109 shares during the period. Russell Investments Group Ltd. increased its stake in Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after buying an additional 1,228 shares during the period. Hsbc Holdings PLC increased its stake in Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after buying an additional 2,122 shares during the period. Finally, CWM LLC increased its stake in Viant Technology by 431.0% during 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 during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

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.