Capital Llc Sells 7,722 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 7,722 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $12.87, for a total value of $99,382.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Viant Technology Trading Up 2.3%

NASDAQ DSP traded up $0.29 during midday trading on Thursday, hitting $12.75. The company had a trading volume of 212,149 shares, compared to its average volume of 161,571. The firm has a 50-day moving average price of $11.41 and a 200-day moving average price of $10.79. The company has a market capitalization of $795.98 million, a PE ratio of 115.92 and a beta of 1.03. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $26.33.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DSP. Rhumbline Advisers grew its position in shares of Viant Technology by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after buying an additional 1,056 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares during the period. Huntleigh Advisors Inc. lifted its stake in shares of Viant Technology by 5.8% in the second quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock worth $314,000 after acquiring an additional 1,290 shares during the period. Strs Ohio boosted its holdings in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after acquiring an additional 1,700 shares during the last quarter. Finally, AlphaQuest LLC increased its position in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after purchasing an additional 3,443 shares during the period. 11.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DSP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Tuesday, November 11th. DA Davidson upped their target price on Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citizens Jmp decreased their price target on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, B. Riley restated a “buy” rating and set a $16.50 price objective (up from $14.50) on shares of Viant Technology in a research report 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $18.50.

About Viant Technology

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.