Insider Selling: Viant Technology (NASDAQ:DSP) Major Shareholder Sells 15,000 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 15,000 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $11.12, for a total transaction of $166,800.00. Following the completion of the transaction, the insider owned 22,500 shares in the company, valued at approximately $250,200. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Stock Performance

DSP traded up $0.10 during midday trading on Wednesday, reaching $10.78. The company had a trading volume of 191,888 shares, compared to its average volume of 191,493. The stock has a market cap of $682.91 million, a PE ratio of 33.69 and a beta of 0.94. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $16.25. The business has a 50-day moving average price of $10.61 and a two-hundred day moving average price of $10.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Topline Capital Management LLC purchased a new position in Viant Technology during the 3rd quarter valued at about $2,150,000. Tudor Investment Corp ET AL grew its holdings in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after buying an additional 54,507 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after purchasing an additional 58,251 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Viant Technology in the 4th quarter worth approximately $64,000. Finally, GSA Capital Partners LLP lifted its stake in Viant Technology by 88.6% in the 3rd quarter. GSA Capital Partners LLP now owns 112,741 shares of the company’s stock worth $973,000 after purchasing an additional 52,974 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DSP shares. Loop Capital set a $14.50 target price on shares of Viant Technology in a research note on Tuesday, March 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. DA Davidson boosted their target price on shares of Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $17.79.

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.