Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc Sells 8,389 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 8,389 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $10.74, for a total value of $90,097.86. Following the transaction, the insider directly owned 37,500 shares in the company, valued at approximately $402,750. The trade was a 18.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $10.78 on Thursday. The company has a market cap of $682.91 million, a P/E ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $16.25. The stock’s fifty day moving average price is $10.61 and its 200-day moving average price is $10.62.

More Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Brokerages issued a consensus “Buy” on DSP, which supports upside sentiment for the shares and likely helped lift the stock. Read More.
• Neutral Sentiment: CEO Timothy Vanderhook executed a planned Rule 10b5-1 program and sold a total of 12,500 shares across Apr. 20–22 for roughly $136.9K in proceeds (prices ranged ~$11.12–$10.74). Because these were pre-arranged trades, the sales are less informative about management’s near-term view but add supply to the market. Read More.
• Negative Sentiment: Major shareholder Capital V LLC sold 37,500 shares over Apr. 20–22 (about $410.8K total), representing material reductions in its stakes. Even though those sales were reported as part of a Rule 10b5-1 plan, the size and pace of the reductions can be viewed negatively by investors concerned about insider liquidity and demand. Read More.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DSP shares. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. B. Riley Financial restated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Finally, DA Davidson raised their target price on shares of Viant Technology from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.79.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology during the 3rd quarter valued at about $31,000. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 1,228 shares in the last quarter. CWM LLC increased its stake 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 purchasing an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Viant Technology by 620.8% in 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. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Viant Technology in the 4th quarter worth $64,000. 11.38% of the stock is currently owned by institutional investors.

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.