Raymond James Financial Inc. Purchases New Shares in Viant Technology Inc. (NASDAQ:DSP)

Raymond James Financial Inc. purchased a new stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 159,140 shares of the company's stock, valued at approximately $3,022,000. Raymond James Financial Inc. owned 0.25% of Viant Technology as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DSP. Renaissance Technologies LLC boosted its position in Viant Technology by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 471,200 shares of the company's stock worth $8,948,000 after acquiring an additional 106,400 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 353.7% during the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock worth $8,323,000 after purchasing an additional 341,684 shares during the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 6,803 shares in the last quarter. State Street Corp grew its position in 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 purchasing an additional 1,722 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Viant Technology by 189.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company's stock valued at $4,961,000 after buying an additional 171,047 shares during the last quarter. Institutional investors own 11.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Rosenblatt Securities began coverage on Viant Technology in a report on Tuesday. They issued a "buy" rating and a $20.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. Raymond James cut their price objective on Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, JMP Securities boosted their target price on shares of Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a report on Monday, January 27th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $21.00.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares of the company's stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.80% of the company's stock.

Viant Technology Stock Performance

DSP traded up $0.14 during trading hours on Friday, reaching $14.54. The company's stock had a trading volume of 154,566 shares, compared to its average volume of 224,826. The company's 50-day moving average is $13.71 and its 200-day moving average is $16.86. Viant Technology Inc. has a 52 week low of $8.29 and a 52 week high of $26.33. The firm has a market cap of $917.10 million, a PE ratio of 242.37 and a beta of 1.21.

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.