Raymond James Financial Inc. bought a new stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 159,140 shares of the company's stock, valued at approximately $3,022,000. Raymond James Financial Inc. owned approximately 0.25% of Viant Technology at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp raised its stake in Viant Technology by 0.6% during 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 last quarter. Barclays PLC boosted its stake in Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company's stock worth $435,000 after purchasing an additional 16,784 shares in the last quarter. Geode Capital Management LLC grew its position in Viant Technology by 1.9% during the 3rd 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 during the last quarter. JPMorgan Chase & Co. increased its stake in Viant Technology by 102.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company's stock valued at $1,069,000 after purchasing an additional 48,826 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Viant Technology in the fourth quarter worth about $88,000. 11.38% of the stock is owned by hedge funds and other institutional investors.
Viant Technology Trading Up 0.6 %
Viant Technology stock traded up $0.09 during midday trading on Thursday, hitting $14.40. The stock had a trading volume of 172,107 shares, compared to its average volume of 226,771. Viant Technology Inc. has a 52-week low of $7.77 and a 52-week high of $26.33. The company has a market capitalization of $908.27 million, a PE ratio of 240.04 and a beta of 1.21. The firm's fifty day moving average is $13.93 and its two-hundred day moving average is $16.78.
Insider Activity
In related news, CFO Larry Madden sold 14,284 shares of the business'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 directly owns 344,340 shares of the company's stock, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.80% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Rosenblatt Securities began coverage on shares of Viant Technology in a research report on Tuesday. They set a "buy" rating and a $20.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Raymond James dropped their price objective on Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, JMP Securities boosted their target price on Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research report on Monday, January 27th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology presently has a consensus rating of "Buy" and an average target price of $21.00.
View Our Latest Research Report on Viant Technology
About Viant Technology
(
Free Report)
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.
Featured Articles
Before you consider Viant Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viant Technology wasn't on the list.
While Viant Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
