52,119 Shares in Viant Technology Inc. (NASDAQ:DSP) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in Viant Technology Inc. (NASDAQ:DSP - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 52,119 shares of the company's stock, valued at approximately $990,000. Cubist Systematic Strategies LLC owned about 0.08% of Viant Technology as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DSP. New York State Teachers Retirement System purchased a new position in Viant Technology during the 4th quarter valued at about $27,000. Summit Investment Advisors Inc. boosted its stake in shares of Viant Technology by 83.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after buying an additional 728 shares during the period. Quantbot Technologies LP purchased a new position in shares of Viant Technology in the 4th quarter valued at about $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Viant Technology in the 4th quarter valued at about $88,000. Finally, SG Americas Securities LLC purchased a new position in shares of Viant Technology in the 4th quarter valued at about $142,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Stock Performance

Shares of DSP traded down $0.19 during trading hours on Tuesday, hitting $14.89. The stock had a trading volume of 31,562 shares, compared to its average volume of 230,894. The firm has a market cap of $931.62 million, a P/E ratio of 248.21 and a beta of 1.19. The company's fifty day simple moving average is $13.42 and its 200 day simple moving average is $17.15. Viant Technology Inc. has a 12-month low of $8.70 and a 12-month high of $26.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James cut their target price 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. JMP Securities raised 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. Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of Viant Technology in a research report on Wednesday, May 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research report on Wednesday, April 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology presently has an average rating of "Buy" and a consensus price target of $21.00.

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.