Capital Llc Sells 15,000 Shares of Viant Technology (NASDAQ:DSP) Stock

Key Points

• Capital LLC sold 15,000 shares of Viant on April 20 at an average price of $11.12 for $166,800 under a pre-arranged Rule 10b5-1 plan, cutting its ownership by 40% to 22,500 shares (approx. $250,200).
• Viant (NASDAQ:DSP) traded near $10.78 midday with 50- and 200-day moving averages around $10.61, a market cap of about $683M, a P/E of 33.7, and a 12-month range of $8.11–$16.25.
• Analyst coverage is largely positive: consensus rating is Buy with an average target of $17.79 and multiple firms recently issuing or raising buy ratings (e.g., Rosenblatt, DA Davidson, B. Riley).

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) major shareholder Capital Llc sold 15,000 shares of the business's stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $11.12, for a total transaction of $166,800.00. Following the sale, the insider directly owned 22,500 shares of the company's stock, valued at approximately $250,200. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded up $0.10 during midday trading on Wednesday, hitting $10.78. 191,888 shares of the company's stock were exchanged, compared to its average volume of 191,493. The stock has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.62. The company 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.

Wall Street Analysts Forecast Growth

DSP has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. DA Davidson boosted their target price on shares of Viant Technology from $15.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. B. Riley Financial reaffirmed a "buy" rating and issued a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Viant Technology in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Viant Technology presently has a consensus rating of "Buy" and a consensus target price of $17.79.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC bought a new stake in Viant Technology in the 3rd quarter worth about $2,150,000. Tudor Investment Corp ET AL grew its position in Viant Technology by 39.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company's stock worth $1,654,000 after purchasing an additional 54,507 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position 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. MetLife Investment Management LLC bought a new stake in Viant Technology in the 4th quarter worth about $105,000. Finally, Franklin Resources Inc. bought a new stake in Viant Technology in the 3rd quarter worth about $100,000. 11.38% of the stock is 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.

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