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 business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $11.12, for a total transaction of $166,800.00. Following the sale, the insider owned 22,500 shares in the company, valued at $250,200. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $10.78 on Thursday. The firm has a market capitalization of $682.91 million, a PE ratio of 33.69 and a beta of 0.94. The firm’s 50-day moving average is $10.61 and its two-hundred day moving average is $10.62. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $16.25.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. B. Riley Financial reiterated a “buy” rating and issued a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. DA Davidson increased their price objective on Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $17.79.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DSP. Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 3.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after acquiring an additional 44,357 shares in the last quarter. Royce & Associates LP boosted its position in shares of Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Viant Technology by 2.6% during the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock worth $5,945,000 after acquiring an additional 12,683 shares in the last quarter. Millennium Management LLC boosted its position in shares of Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after acquiring an additional 205,160 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after acquiring an additional 22,857 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology News Summary

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

• Positive Sentiment: Brokerages issued a consensus “Buy” on DSP, which supports upside sentiment for the shares and likely helped lift the stock. Read More.
• Neutral Sentiment: CEO Timothy Vanderhook executed a planned Rule 10b5-1 program and sold a total of 12,500 shares across Apr. 20–22 for roughly $136.9K in proceeds (prices ranged ~$11.12–$10.74). Because these were pre-arranged trades, the sales are less informative about management’s near-term view but add supply to the market. Read More.
• Negative Sentiment: Major shareholder Capital V LLC sold 37,500 shares over Apr. 20–22 (about $410.8K total), representing material reductions in its stakes. Even though those sales were reported as part of a Rule 10b5-1 plan, the size and pace of the reductions can be viewed negatively by investors concerned about insider liquidity and demand. Read More.

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.