Capital Llc Sells 8,760 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) major shareholder Capital Llc sold 8,760 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total value of $100,039.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Viant Technology Trading Down 2.0%

Viant Technology stock opened at $11.38 on Friday. The stock has a market cap of $710.45 million, a PE ratio of 35.56 and a beta of 1.05. The stock has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.36. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $16.25.

Analysts Set New Price Targets

A number of brokerages have recently commented on DSP. DA Davidson reiterated a “buy” rating and set a $15.50 price target on shares of Viant Technology in a report on Thursday, March 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Loop Capital set a $14.50 target price on shares of Viant Technology in a research report on Tuesday, March 10th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $17.00 price target (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Two equities research 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Viant Technology by 246.4% in the first quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after acquiring an additional 20,779 shares during the last quarter. AQR Capital Management LLC increased its position in Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock worth $587,000 after purchasing an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Viant Technology by 77.1% during the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after purchasing an additional 59,323 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Viant Technology during the second quarter worth approximately $166,000. Finally, Geode Capital Management LLC raised its stake in Viant Technology by 6.4% during the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after purchasing an additional 22,857 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.