Viant Technology (NASDAQ:DSP) Director Sells $39,930.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max Valdes sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.10, for a total transaction of $39,930.00. Following the completion of the sale, the director owned 32,835 shares of the company’s stock, valued at approximately $397,303.50. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Viant Technology Stock Down 0.5%

Shares of DSP opened at $11.10 on Friday. The company has a market cap of $727.38 million, a price-to-earnings ratio of 30.83 and a beta of 1.04. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The company has a 50 day moving average of $11.21 and a two-hundred day moving average of $11.20.

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

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Royce & Associates LP lifted its stake in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the period. Topline Capital Management LLC acquired a new stake in shares of Viant Technology during the third quarter worth $2,150,000. Invenomic Capital Management LP acquired a new stake in shares of Viant Technology during the fourth quarter worth $2,748,000. Millennium Management LLC lifted its stake in shares of Viant Technology by 91.2% during the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after buying an additional 205,160 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after buying an additional 190,248 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DSP has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Loop Capital set a $14.50 target price on shares of Viant Technology in a research note on Tuesday, March 10th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial lifted their price objective on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average price target of $18.00.

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.