Pier Capital LLC Invests $4.21 Million in MNTN Inc. $MNTN

The institutional investor acquired a new stake in the connected TV advertising platform.

Mar. 13, 2026 at 10:39am

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Pier Capital LLC, an institutional investor, acquired a new stake of 226,997 shares in MNTN Inc. (NYSE:MNTN) during the third quarter. The shares were valued at approximately $4,211,000, representing about 0.51% ownership of the company.

Why it matters

This investment by Pier Capital LLC, a prominent institutional investor, signals confidence in MNTN's connected TV (CTV) advertising platform and its growth potential. MNTN's software enables brands to reach audiences across major OTT and CTV channels, which is an increasingly important part of modern digital advertising.

The details

According to the filing with the Securities and Exchange Commission (SEC), Pier Capital LLC acquired the 226,997 shares of MNTN Inc. in the third quarter. This new stake represents about 0.51% ownership of the company. Other hedge funds and institutional investors have also recently added to or reduced their positions in MNTN, indicating ongoing interest and activity around the stock.

  • Pier Capital LLC acquired the new stake in MNTN Inc. during the third quarter.

The players

Pier Capital LLC

An institutional investor that acquired a new stake in MNTN Inc.

MNTN Inc.

A software platform specializing in connected television (CTV) advertising, offering marketers tools to plan, launch and measure streaming TV campaigns.

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The takeaway

Pier Capital LLC's investment in MNTN Inc. underscores the growing importance of connected TV advertising as brands look to reach audiences across streaming platforms. This deal highlights the potential for MNTN's CTV advertising software to continue gaining traction in the digital marketing space.