Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 7,500 Shares

by · The Cerbat Gem

Viant Technology Inc. (NASDAQ:DSP – Get Free Report) major shareholder Capital Llc sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.79, for a total value of $80,925.00. Following the sale, the insider owned 37,500 shares in the company, valued at approximately $404,625. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Price Performance

Shares of DSP stock opened at $11.00 on Friday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The stock’s 50 day simple moving average is $11.04 and its two-hundred day simple moving average is $10.93. The company has a market cap of $696.85 million, a PE ratio of 30.56 and a beta of 1.00.

Viant Technology (NASDAQ:DSP – Get Free Report) last released its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. Equities research analysts expect that Viant Technology Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

DSP has been the topic of a number of analyst reports. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial upped their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Loop Capital set a $14.50 price objective on Viant Technology in a research note on Tuesday, March 10th. Two investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.00.

Read Our Latest Research Report on Viant Technology

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its position in Viant Technology by 81.6% during the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after acquiring an additional 28,052 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after acquiring an additional 190,248 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Viant Technology during the 1st quarter valued at $97,000. Hillsdale Investment Management Inc. bought a new stake in Viant Technology during the 1st quarter valued at $320,000. Finally, Hsbc Holdings PLC boosted its position 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 acquiring an additional 2,122 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

(Get Free Report)

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.

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