Viant Technology (NASDAQ:DSP) Director Max Valdes Sells 3,300 Shares

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

Viant Technology Trading Down 2.5%

DSP stock traded down $0.30 during trading on Wednesday, hitting $11.58. 309,905 shares of the company’s stock were exchanged, compared to its average volume of 271,801. The business has a 50-day moving average price of $11.22 and a two-hundred day moving average price of $11.19. The stock has a market capitalization of $758.84 million, a price-to-earnings ratio of 32.17 and a beta of 1.04. Viant Technology Inc. has a 52-week low of $8.11 and a 52-week high of $15.18.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm 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, equities research analysts anticipate that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. B. Riley Financial lifted their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $14.50 price target on Viant Technology in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $18.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DSP. Russell Investments Group Ltd. increased its holdings in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC increased its holdings in shares of Viant Technology by 431.0% in 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 period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Viant Technology by 620.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Viant Technology in the fourth quarter valued at approximately $64,000. Finally, BNP Paribas Financial Markets increased its holdings 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 valued at $69,000 after purchasing an additional 6,454 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.