Viant Technology (NASDAQ:DSP) Major Shareholder Sells $113,314.62 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 12,237 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $9.26, for a total transaction of $113,314.62. Following the transaction, the insider directly owned 25,263 shares in the company, valued at approximately $233,935.38. The trade was a 32.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Stock Performance

Shares of NASDAQ:DSP remained flat at $9.22 during trading hours on Thursday. 202,973 shares of the stock traded hands, compared to its average volume of 187,737. The stock has a market cap of $575.60 million, a P/E ratio of 83.83 and a beta of 1.03. Viant Technology Inc. has a one year low of $8.11 and a one year high of $22.81. The company’s 50 day simple moving average is $11.48 and its two-hundred day simple moving average is $10.38.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. DA Davidson increased their price objective on Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a report on Tuesday, November 11th. B. Riley Financial reissued a “buy” rating and issued a $16.50 price objective (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, Citizens Jmp decreased their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $18.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Viant Technology in the fourth quarter valued at approximately $153,000. Tudor Investment Corp ET AL increased its holdings in Viant Technology by 6.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 203,159 shares of the company’s stock valued at $2,446,000 after purchasing an additional 11,523 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Viant Technology in the 4th quarter valued at $252,000. Millennium Management LLC boosted its stake in Viant Technology by 91.2% in the fourth 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. Finally, Invenomic Capital Management LP acquired a new position in Viant Technology in the fourth quarter worth $2,748,000. 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.