Viant Technology (NASDAQ:DSP) Major Shareholder Capital Llc 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 on Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total transaction of $179,100.00. Following the transaction, the insider owned 22,500 shares of the company’s stock, valued at approximately $268,650. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Price Performance

Viant Technology stock opened at $12.75 on Friday. The stock has a market cap of $795.98 million, a PE ratio of 115.92 and a beta of 1.03. The stock’s fifty day moving average is $11.41 and its two-hundred day moving average is $10.79. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $26.33.

Viant Technology (NASDAQ:DSP) last issued its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $85.58 million for the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. On average, research analysts expect that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Key Headlines Impacting Viant Technology

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

• Negative Sentiment: CEO Timothy Vanderhook sold 5,000 shares on Jan. 20 at an average $11.94 (≈$59.7K), reducing his direct stake to 7,500 shares. SEC Filing
• Negative Sentiment: CEO Timothy Vanderhook sold 4,926 shares on Jan. 21 at an average $12.24 (≈$60.3K), cutting his stake further to 2,574 shares. SEC Filing
• Negative Sentiment: CEO Timothy Vanderhook sold 2,574 shares on Jan. 22 at an average $12.87 (≈$33.1K), completing the sequence of disposals disclosed in the filings. SEC Filing
• Negative Sentiment: Major shareholder Capital V LLC sold 15,000 shares on Jan. 20 at an average $11.94 (≈$179.1K), reducing its holding to 22,500 shares (a reported ~40% cut). SEC Filing
• Negative Sentiment: Capital V LLC sold 14,778 shares on Jan. 21 at an average $12.24 (≈$180.9K), reducing its stake to 7,722 shares (a reported ~65.7% cut). SEC Filing
• Negative Sentiment: Capital V LLC sold 7,722 shares on Jan. 22 at an average $12.87 (≈$99.4K), continuing the disposal sequence disclosed with the SEC. SEC Filing

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Punch & Associates Investment Management Inc. raised its position in shares of Viant Technology by 3.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after buying an additional 44,357 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Viant Technology in the second quarter worth $8,443,000. Granite Investment Partners LLC purchased a new position in shares of Viant Technology in the 2nd quarter valued at $7,239,000. Geode Capital Management LLC boosted its position in Viant Technology by 6.4% during the 2nd 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. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Viant Technology by 6.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 276,689 shares of the company’s stock valued at $3,661,000 after purchasing an additional 15,786 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. DA Davidson lifted their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citizens Jmp reduced their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.50.

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.