Key Points
- Capital LLC, a major shareholder, sold 15,000 shares on March 17 at an average price of $11.80 for a total of $177,000, cutting its position by 38.7% to 23,760 shares valued at $280,368.
- Analyst sentiment is positive: Viant has a consensus rating of "Buy" with a $18.13 consensus target, and several firms (including B. Riley, Rosenblatt and Wall Street Zen) have maintained or upgraded their ratings.
- Institutional activity shows notable buying—Royce increased holdings by 72.3% and Millennium by 91.2%—though hedge funds and other institutions still own only about 11.38% of the company's stock.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) COO Christopher Vanderhook sold 2,920 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40. The transaction was disclosed in a filing with the SEC, which is available through this link.
Christopher Vanderhook also recently made the following trade(s):
- On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.80, for a total transaction of $59,000.00.
- On Thursday, February 19th, Christopher Vanderhook sold 3,279 shares of Viant Technology stock. The shares were sold at an average price of $9.17, for a total value of $30,068.43.
- On Wednesday, February 18th, Christopher Vanderhook sold 4,722 shares of Viant Technology stock. The stock was sold at an average price of $9.19, for a total value of $43,395.18.
- On Tuesday, February 17th, Christopher Vanderhook sold 4,079 shares of Viant Technology stock. The shares were sold at an average price of $9.26, for a total value of $37,771.54.
- On Friday, December 19th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $11.79, for a total value of $29,475.00.
Viant Technology Stock Performance
NASDAQ:DSP traded down $0.19 on Friday, hitting $11.42. 20,584 shares of the stock were exchanged, compared to its average volume of 215,892. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $16.25. The stock has a market capitalization of $713.20 million, a price-to-earnings ratio of 35.66 and a beta of 1.05. The company's 50-day moving average price is $10.98 and its 200 day moving average price is $10.35.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on DSP. Wall Street Zen upgraded shares of Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Viant Technology in a research report on Wednesday, January 21st. Freedom Capital upgraded Viant Technology to a "strong-buy" rating in a research report on Tuesday, March 10th. DA Davidson reaffirmed a "buy" rating and set a $15.50 price objective on shares of Viant Technology in a research note on Thursday, March 12th. Finally, Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $18.13.
Read Our Latest Stock Analysis on Viant Technology
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granite Investment Partners LLC acquired a new position in Viant Technology in the second quarter valued at about $7,239,000. Topline Capital Management LLC bought a new position in shares of Viant Technology during the 3rd quarter valued at about $2,150,000. Dynamic Technology Lab Private Ltd grew its position in shares of Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company's stock valued at $609,000 after purchasing an additional 58,251 shares during the period. New York State Common Retirement Fund increased its stake in Viant Technology by 1,223.5% during the 2nd quarter. New York State Common Retirement Fund now owns 62,577 shares of the company's stock worth $828,000 after purchasing an additional 57,849 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company's stock worth $1,654,000 after purchasing an additional 54,507 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors.
Viant Technology Company Profile
(
Get Free Report)
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.
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