Royce & Associates Discloses 1.15M Share Stake in Viant Technology
Ticker: DSP · Form: SC 13G · Filed: Jan 30, 2024 · CIK: 1828791
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investor-confidence
TL;DR
**Royce & Associates just revealed a big stake in Viant Technology, signaling institutional confidence.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, reported beneficial ownership of 1,148,004 shares of Viant Technology Inc.'s Class A Common Stock as of December 31, 2023. This represents a significant stake, giving Royce & Associates sole voting and dispositive power over these shares. This matters to investors because a prominent institutional investor like Royce & Associates taking a substantial position can signal confidence in Viant Technology's future prospects, potentially influencing other investors.
Why It Matters
This filing reveals a major institutional investor's significant stake in Viant Technology, which can be interpreted as a vote of confidence and potentially attract further investment interest.
Risk Assessment
Risk Level: low — This filing indicates an institutional investment, which generally reduces risk by showing external validation of the company's value.
Analyst Insight
A smart investor would research Viant Technology Inc.'s fundamentals and recent performance, considering this institutional investment as a positive signal, but not the sole basis for an investment decision.
Key Numbers
- 1,148,004 — Shares Beneficially Owned (Represents the total number of Class A Common Stock shares of Viant Technology Inc. held by Royce & Associates, LP.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Viant Technology Inc. (company) — the issuer of the securities
- 1,148,004 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (person) — date of the event requiring the filing
Forward-Looking Statements
- Other institutional investors may increase their positions in Viant Technology Inc. following Royce & Associates' disclosure. (Viant Technology Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Royce & Associates, LP, an investment firm based in New York.
What is the name of the issuer whose securities are being reported?
The issuer is Viant Technology Inc., a company in the computer programming and data processing services industry.
How many shares of Viant Technology Inc. Class A Common Stock does Royce & Associates, LP beneficially own?
Royce & Associates, LP beneficially owns 1,148,004 shares of Viant Technology Inc.'s Class A Common Stock.
What is the CUSIP number for the Class A Common Stock of Viant Technology Inc.?
The CUSIP number for the Class A Common Stock of Viant Technology Inc. is 92557A101.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 30, 2024 by December 31, 2023 regarding Viant Technology Inc. (DSP).