Viant Technology (NASDAQ:DSP) Major Shareholder Sells $100,039.20 in Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 8,760 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $100,039.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Price Performance

DSP opened at $11.38 on Friday. The company has a market capitalization of $710.45 million, a price-to-earnings ratio of 35.56 and a beta of 1.05. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $16.25. The business has a 50 day moving average price of $10.98 and a two-hundred day moving average price of $10.36.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position 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 valued at $32,000 after acquiring an additional 1,228 shares in the last quarter. CWM LLC boosted its stake in 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 purchasing an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Viant Technology by 620.8% during the 4th 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 in the last quarter. Farther Finance Advisors LLC purchased a new position in Viant Technology during the 3rd quarter worth approximately $31,000. Finally, State of Alaska Department of Revenue acquired a new stake in Viant Technology during the 4th quarter valued at $64,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Wall Street Zen upgraded shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, March 12th. Finally, B. Riley Financial restated a “buy” rating and set a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and an average target price 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.