Royce & Associates LP Sells 52,820 Shares of Viant Technology Inc. (NASDAQ:DSP)

Royce & Associates LP lowered its position in Viant Technology Inc. (NASDAQ:DSP) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 923,080 shares of the company’s stock after selling 52,820 shares during the period. Royce & Associates LP’s holdings in Viant Technology were worth $10,218,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kennedy Capital Management LLC grew its position in shares of Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares in the last quarter. Rhumbline Advisers grew its stake in Viant Technology by 5.1% during the second quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock valued at $419,000 after acquiring an additional 2,070 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Viant Technology in the 2nd quarter worth $47,000. Bank of New York Mellon Corp boosted its holdings in shares of Viant Technology by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company’s stock valued at $430,000 after purchasing an additional 5,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Viant Technology by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock valued at $1,769,000 after purchasing an additional 6,064 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the transaction, the chief financial officer now owns 538,434 shares of the company’s stock, valued at $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 10,419 shares of company stock valued at $116,647. 28.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. 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. Needham & Company LLC increased their price objective on shares of Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity Group upgraded shares of 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. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $18.00 in a report on Wednesday. Finally, Craig Hallum upped their price objective on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has a consensus rating of “Buy” and an average target price of $15.86.

Viant Technology Stock Up 5.3 %

DSP stock opened at $16.21 on Friday. Viant Technology Inc. has a twelve month low of $5.36 and a twelve month high of $16.97. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72. The business’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $10.60.

About Viant Technology

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.