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

by · The Cerbat Gem

Viant Technology Inc. (NASDAQ:DSP – Get Free Report) major shareholder Capital Llc sold 15,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total transaction of $176,100.00. Following the completion of the transaction, the insider directly owned 22,500 shares in the company, valued at approximately $264,150. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Trading Up 3.2%

Shares of NASDAQ:DSP traded up $0.37 during trading on Thursday, reaching $11.91. 294,769 shares of the stock were exchanged, compared to its average volume of 246,873. The firm has a market cap of $743.54 million, a PE ratio of 108.28 and a beta of 1.05. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $26.33. The stock has a 50-day moving average price of $9.90 and a 200-day moving average price of $11.04.

Viant Technology (NASDAQ:DSP – Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The firm had revenue of $85.58 million for the quarter, compared to analyst estimates of $85.54 million. On average, sell-side analysts expect that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DSP has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Tuesday, November 11th. 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 report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.50.

Get Our Latest Research Report on Viant Technology

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Viant Technology during the second quarter worth $8,443,000. Granite Investment Partners LLC bought a new stake in Viant Technology during the 2nd quarter worth $7,239,000. Punch & Associates Investment Management Inc. increased its holdings in Viant Technology by 37.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after purchasing an additional 267,326 shares in the last quarter. Topline Capital Management LLC bought a new position in Viant Technology in the third quarter valued at about $2,150,000. Finally, Whetstone Capital Advisors LLC acquired a new stake in shares of Viant Technology during the first quarter valued at about $1,472,000. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

(Get Free Report)

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.

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