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

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $11.80, for a total transaction of $177,000.00. Following the sale, the insider owned 23,760 shares of the company’s stock, valued at approximately $280,368. The trade was a 38.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Trading Down 0.6%

Viant Technology stock opened at $11.55 on Friday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $16.25. The business’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $10.35. The company has a market cap of $720.75 million, a price-to-earnings ratio of 36.08 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DSP. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Thursday, March 12th. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and set a $15.50 target price on shares of Viant Technology in a report on Thursday, March 12th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $17.00 price target (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.13.

Hedge Funds Weigh In On Viant Technology

Several hedge funds have recently bought and sold shares of DSP. Farther Finance Advisors LLC bought a new stake in Viant Technology during the 3rd quarter worth approximately $31,000. Russell Investments Group Ltd. boosted 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 valued at $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC grew its position in shares of Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares in the last quarter. 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 worth $35,000 after purchasing an additional 2,483 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Viant Technology in the fourth quarter worth $64,000. Hedge funds and other institutional investors 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.