Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes Sells 7,500 Shares

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Viant Technology Stock Up 1.4 %

Shares of DSP traded up $0.29 during midday trading on Monday, reaching $20.64. 310,192 shares of the stock were exchanged, compared to its average volume of 135,639. The stock’s 50 day simple moving average is $14.14 and its 200 day simple moving average is $11.66. The company has a market cap of $1.30 billion, a P/E ratio of 348.06 and a beta of 0.99. Viant Technology Inc. has a twelve month low of $6.31 and a twelve month high of $21.07.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its holdings in Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. Geode Capital Management LLC raised its position in shares of Viant Technology by 1.9% in the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after buying an additional 6,803 shares in the last quarter. State Street Corp boosted its stake in shares of Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after buying an additional 1,722 shares during the period. Martingale Asset Management L P acquired a new stake in Viant Technology during the third quarter worth approximately $254,000. Finally, FMR LLC increased its stake in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares during the period. 11.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DSP has been the subject of a number of research analyst reports. Scotiabank began coverage on Viant Technology in a report on Thursday. They set a “sector outperform” rating and a $27.00 price target for the company. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. JMP Securities increased their price target on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group lifted their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Craig Hallum increased their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has an average rating of “Buy” and an average target price of $17.75.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.