Viant Technology (NASDAQ:DSP) Major Shareholder Sells 14,167 Shares

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 14,167 shares of Viant Technology stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $9.19, for a total transaction of $130,194.73. Following the sale, the insider directly owned 11,096 shares of the company’s stock, valued at $101,972.24. This represents a 56.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Viant Technology Price Performance

NASDAQ:DSP remained flat at $9.22 during midday trading on Thursday. The company had a trading volume of 202,973 shares, compared to its average volume of 187,737. The company’s 50 day simple moving average is $11.48 and its 200-day simple moving average is $10.38. The stock has a market capitalization of $575.60 million, a P/E ratio of 83.83 and a beta of 1.03. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $22.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Granite Investment Partners LLC purchased a new stake in Viant Technology during the second quarter valued at approximately $7,239,000. Royce & Associates LP increased its position in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Viant Technology during the 3rd quarter valued at $2,150,000. Invenomic Capital Management LP purchased a new stake in shares of Viant Technology during the 4th quarter valued at $2,748,000. Finally, Millennium Management LLC boosted its position in shares of Viant Technology by 91.2% in the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after purchasing an additional 205,160 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

DSP has been the subject of several recent research reports. B. Riley Financial restated a “buy” rating and issued a $16.50 price objective (up from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp reduced 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. DA Davidson upped their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.57.

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.