Insider Selling: Viant Technology (NASDAQ:DSP) Major Shareholder Sells $177,000.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $11.80, for a total transaction of $177,000.00. Following the transaction, the insider directly owned 23,760 shares in the company, valued at approximately $280,368. The trade was a 38.70% 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 Trading Down 2.0%

Shares of NASDAQ:DSP opened at $11.38 on Friday. The company has a 50 day moving average of $10.98 and a 200-day moving average of $10.36. The firm has a market cap of $710.45 million, a P/E ratio of 35.56 and a beta of 1.05. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $16.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DSP. Farther Finance Advisors LLC acquired a new stake in shares of Viant Technology during the 3rd quarter valued at $31,000. Russell Investments Group Ltd. grew its holdings in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC grew its holdings in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Viant Technology by 620.8% during 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 during the fourth quarter valued at $64,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Ratings Changes

DSP has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating and set a $17.00 price target (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective 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 report on Tuesday, March 10th. Finally, Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.13.

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.