Occudo Quantitative Strategies LP Buys Shares of 30,425 Viant Technology Inc. (NASDAQ:DSP)

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

Several other large investors have also recently made changes to their positions in DSP. JPMorgan Chase & Co. lifted its position in Viant Technology by 102.2% during the third 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 during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Viant Technology during the 4th quarter valued at about $80,000. Barclays PLC lifted its holdings in shares of Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company's stock valued at $435,000 after acquiring an additional 16,784 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Viant Technology in the fourth quarter worth about $3,022,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Viant Technology during the fourth quarter worth approximately $382,000. 11.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. JMP Securities raised 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. Finally, Raymond James dropped their price target on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology currently has a consensus rating of "Buy" and an average target price of $21.00.

Viant Technology Stock Performance

DSP stock traded down $0.64 during midday trading on Friday, reaching $15.39. The company's stock had a trading volume of 182,623 shares, compared to its average volume of 232,189. Viant Technology Inc. has a 1 year low of $8.70 and a 1 year high of $26.33. The firm has a market capitalization of $970.71 million, a price-to-earnings ratio of 256.54 and a beta of 1.19. The stock has a fifty day simple moving average of $13.37 and a two-hundred day simple moving average of $17.09.

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.