Arrowstreet Capital Limited Partnership Has $4.96 Million Holdings in Viant Technology Inc. (NASDAQ:DSP)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 189.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,221 shares of the company's stock after purchasing an additional 171,047 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.42% of Viant Technology worth $4,961,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DSP. New York State Teachers Retirement System acquired a new position in shares of Viant Technology during the fourth quarter worth approximately $27,000. FMR LLC raised its stake in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after acquiring an additional 3,123 shares in the last quarter. Quantbot Technologies LP acquired a new position in Viant Technology during the 4th quarter worth $80,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Viant Technology in the fourth quarter worth $88,000. Finally, SG Americas Securities LLC bought a new position in shares of Viant Technology in the fourth quarter worth $142,000. 11.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DSP has been the subject of several research analyst reports. Raymond James reduced their price objective on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a report on Friday. 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 research note on Monday, January 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $21.00 price objective on shares of Viant Technology in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $21.14.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction 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 in the company, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 28.80% of the company's stock.

Viant Technology Trading Down 2.0 %

NASDAQ:DSP traded down $0.27 during mid-day trading on Friday, reaching $12.99. 343,879 shares of the stock were exchanged, compared to its average volume of 224,280. Viant Technology Inc. has a 1-year low of $7.77 and a 1-year high of $26.33. The firm has a market capitalization of $819.33 million, a PE ratio of 216.54 and a beta of 1.21. The business has a fifty day moving average price of $16.60 and a 200 day moving average price of $16.62.

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.