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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of Viant Technology stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.17, for a total value of $167,550.00. Following the transaction, the insider owned 22,500 shares in the company, valued at approximately $251,325. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Viant Technology Trading Up 2.5%

NASDAQ:DSP traded up $0.27 during trading hours on Thursday, hitting $11.24. The company had a trading volume of 447,222 shares, compared to its average volume of 300,733. The company has a 50-day moving average of $11.22 and a 200 day moving average of $11.22. The company has a market cap of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18.

Viant Technology (NASDAQ:DSP) last issued its 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). The company had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. On average, analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after purchasing an additional 20,779 shares during the last quarter. AQR Capital Management LLC lifted its stake in Viant Technology by 303.6% during the first 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Viant Technology by 77.1% during the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after buying an additional 59,323 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Viant Technology during the second quarter worth $166,000. Finally, Geode Capital Management LLC grew its stake in shares of Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after buying an additional 22,857 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

DSP has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial raised their price target on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.