Occudo Quantitative Strategies LP Makes New Investment in Viant Technology Inc. (NASDAQ:DSP)

Occudo Quantitative Strategies LP bought a new stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,425 shares of the company's stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC raised its stake in Viant Technology by 784.8% in the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company's stock worth $3,247,000 after purchasing an additional 151,662 shares in the last quarter. Deutsche Bank AG raised its position in shares of Viant Technology by 30.8% in the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after buying an additional 4,012 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Viant Technology in the fourth quarter valued at approximately $990,000. Bank of America Corp DE boosted its stake in shares of Viant Technology by 13.8% in the fourth quarter. Bank of America Corp DE now owns 33,272 shares of the company's stock valued at $632,000 after buying an additional 4,030 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Viant Technology during the fourth quarter worth approximately $484,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DSP. Needham & Company LLC reiterated a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research report on Wednesday, April 2nd. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a research report on Wednesday, May 7th. JMP Securities upped their price target 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. Finally, Raymond James decreased their price objective on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology presently has a consensus rating of "Buy" and a consensus target price of $21.00.

Viant Technology Stock Performance

Shares of DSP traded down $0.36 during mid-day trading on Tuesday, reaching $14.73. The company had a trading volume of 44,374 shares, compared to its average volume of 230,934. The company has a market capitalization of $921.30 million, a price-to-earnings ratio of 245.46 and a beta of 1.19. The company's 50 day simple moving average is $13.42 and its 200 day simple moving average is $17.15. Viant Technology Inc. has a 1-year low of $8.70 and a 1-year high of $26.33.

Viant Technology 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.