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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) major shareholder Capital Llc sold 15,000 shares of Viant Technology stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total transaction of $163,350.00. Following the transaction, the insider owned 22,500 shares of the company's stock, valued at $245,025. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more 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 $11.00 on Friday. The stock has a market cap of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18. The firm's 50-day simple moving average is $11.04 and its 200 day simple moving average is $10.93.

Viant Technology (NASDAQ:DSP - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $88.54 million during the quarter, compared to analysts' expectations of $50.13 million. On average, sell-side analysts predict that Viant Technology Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company's stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC lifted its holdings in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company's stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Viant Technology by 620.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company's stock worth $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue bought a new position in Viant Technology during the fourth quarter worth about $64,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company's stock worth $69,000 after purchasing an additional 6,454 shares in the last quarter. Institutional investors own 11.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DSP. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research note on Thursday, April 16th. Freedom Capital upgraded shares of Viant Technology to a "strong-buy" rating in a research note on Tuesday, March 10th. DA Davidson increased their target price on shares of Viant Technology from $16.00 to $16.50 and gave the company a "buy" rating in a report on Tuesday, May 12th. Wall Street Zen cut shares of Viant Technology from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Viant Technology from a "hold (c)" rating to a "sell (d+)" rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $18.00.

Get Our Latest Stock Report on DSP

About Viant Technology

(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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