Moran Wealth Management LLC Invests $367,000 in Viant Technology Inc. (NASDAQ:DSP)

Moran Wealth Management LLC bought a new stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,539 shares of the company's stock, valued at approximately $367,000.

A number of other hedge funds also recently made changes to their positions in the business. Ritholtz Wealth Management increased its stake in shares of Viant Technology by 43.9% during the 1st quarter. Ritholtz Wealth Management now owns 32,348 shares of the company's stock worth $401,000 after purchasing an additional 9,864 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Viant Technology during the first quarter valued at $3,867,000. Rhumbline Advisers increased its position in Viant Technology by 2.8% in the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock worth $546,000 after buying an additional 1,214 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Viant Technology in the fourth quarter valued at $521,000. Finally, Two Sigma Investments LP purchased a new position in shares of Viant Technology during the 4th quarter valued at $197,000. 11.38% of the stock is currently owned by institutional investors.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,265 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $173,506.20. Following the transaction, the chief financial officer now directly owns 436,261 shares in the company, valued at $5,706,293.88. This represents a 2.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy Vanderhook sold 8,960 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the completion of the sale, the chief executive officer now directly owns 365,076 shares in the company, valued at approximately $4,775,194.08. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,125 shares of company stock valued at $430,048. Corporate insiders own 29.40% of the company's stock.

Viant Technology Stock Performance

NASDAQ DSP traded down $0.29 during trading hours on Friday, hitting $13.29. The company had a trading volume of 318,873 shares, compared to its average volume of 242,861. The firm has a market capitalization of $831.56 million, a price-to-earnings ratio of 120.83 and a beta of 1.14. Viant Technology Inc. has a 52 week low of $8.70 and a 52 week high of $26.33. The firm has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $16.39.

Analysts Set New Price Targets

DSP has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and set a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Raymond James Financial reduced their target price 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. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has an average rating of "Buy" and a consensus price target of $21.00.

About Viant Technology

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.