Insider Selling: Viant Technology (NASDAQ:DSP) Director Sells 3,300 Shares of Stock

by · The Cerbat Gem

Viant Technology Inc. (NASDAQ:DSP – Get Free Report) Director Max Valdes sold 3,300 shares of the business’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 value of $39,930.00. Following the completion of the transaction, the director directly owned 32,835 shares in the company, valued at approximately $397,303.50. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.30 during trading on Wednesday, reaching $11.58. The company had a trading volume of 309,905 shares, compared to its average volume of 271,801. The firm has a market capitalization of $758.84 million, a price-to-earnings ratio of 32.17 and a beta of 1.04. The stock’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.19. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. DA Davidson upped their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial upped their price objective on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.00.

Get Our Latest Report on Viant Technology

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Viant Technology by 86.9% during the fourth 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 period. CWM LLC boosted its position in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares in 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in Viant Technology during the fourth quarter worth $64,000. Finally, BNP Paribas Financial Markets boosted its position in Viant Technology by 433.7% during 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 and hedge funds own 11.38% of the company’s stock.

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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