Capital Llc Sells 9,836 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 9,836 shares of the firm’s stock in a transaction 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 $11,554.20. The trade was a 88.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Price Performance

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

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Granite Investment Partners LLC bought a new position in shares of Viant Technology in the second quarter worth about $7,239,000. Royce & Associates LP raised its stake in 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 during the period. Topline Capital Management LLC bought a new position in shares of Viant Technology in the third quarter worth approximately $2,150,000. Invenomic Capital Management LP purchased a new stake in shares of Viant Technology in the fourth quarter worth $2,748,000. Finally, Millennium Management LLC raised 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 valued at $5,177,000 after purchasing an additional 205,160 shares during the period. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DSP has been the topic of a number of research analyst reports. DA Davidson upped their price target on Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a report on Tuesday, November 11th. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research note 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 research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Finally, B. Riley Financial reiterated a “buy” rating and set a $16.50 target price (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Viant Technology presently has an average rating of “Buy” and a consensus 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.