Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 9,836 Shares

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 9,836 shares of Viant Technology stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $9.17, for a total value of $90,196.12. Following the transaction, the insider owned 1,260 shares of the company’s stock, valued at approximately $11,554.20. This represents a 88.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of DSP traded up $0.18 during trading hours on Friday, hitting $9.40. The stock had a trading volume of 43,044 shares, compared to its average volume of 196,215. The firm has a 50-day moving average price of $11.48 and a 200 day moving average price of $10.38. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $22.57. The firm has a market capitalization of $586.59 million, a price-to-earnings ratio of 86.14 and a beta of 1.03.

Viant Technology News Roundup

Here are the key news stories impacting Viant Technology this week:

• Negative Sentiment: Major shareholder Capital V LLC sold a total of 36,240 shares across Feb. 17–19 (sales at ~$9.17–$9.26), materially reducing its stake (individual trades show ~32–88% drops in reported holdings). This large block selling can weigh on investor sentiment and supply/demand for the stock. Capital V LLC Form 4
• Negative Sentiment: COO Christopher Vanderhook sold 12,080 shares over Feb. 17–19 (average prices ~$9.17–$9.26), cutting his reported holdings substantially. Insider sales by executives often trigger short-term selling pressure or investor concern about insider conviction. COO Form 4

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DSP. B. Riley Financial reaffirmed a “buy” rating and issued a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp cut their price target on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, DA Davidson raised their price target on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Viant Technology currently has an average rating of “Buy” and an average target price of $18.57.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Viant Technology by 246.4% during the first quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after acquiring an additional 20,779 shares in the last quarter. AQR Capital Management LLC grew its stake in Viant Technology by 303.6% during the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after purchasing an additional 35,578 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Viant Technology by 77.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after purchasing an additional 59,323 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of 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 buying an additional 3,443 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Viant Technology during the second quarter worth approximately $166,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.