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 the stock in a transaction 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 completion of the transaction, the insider owned 22,500 shares of the company’s stock, valued at $251,325. The trade was a 40.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $11.24 on Friday. The firm has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The company’s fifty day moving average is $11.24 and its two-hundred day moving average is $11.22.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $88.54 million for 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, sell-side analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Viant Technology by 246.4% in the first quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after acquiring an additional 20,779 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after acquiring an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 valued at $1,691,000 after acquiring an additional 59,323 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Viant Technology during the 2nd quarter worth about $166,000. Finally, Geode Capital Management LLC increased its position in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after purchasing an additional 22,857 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analysts Set New Price Targets

DSP has been the subject of a number of research analyst reports. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. B. Riley Financial upped their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Thursday, April 16th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Loop Capital set a $14.50 target price on Viant Technology in a research report on Tuesday, March 10th. Two 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.