Moran Wealth Management LLC purchased a new stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,539 shares of the company's stock, valued at approximately $367,000.
Several other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Viant Technology during the fourth quarter valued at approximately $80,000. Wells Fargo & Company MN raised its holdings in shares of Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock valued at $168,000 after acquiring an additional 3,829 shares in the last quarter. Walleye Capital LLC purchased a new stake in Viant Technology in the fourth quarter worth $193,000. Finally, Two Sigma Investments LP bought a new stake in Viant Technology in the fourth quarter valued at $197,000. Hedge funds and other institutional investors own 11.38% of the company's stock.
Viant Technology Trading Up 0.6%
DSP stock traded up $0.08 during midday trading on Tuesday, reaching $13.31. 114,017 shares of the company's stock traded hands, compared to its average volume of 242,519. Viant Technology Inc. has a 52-week low of $8.70 and a 52-week high of $26.33. The stock has a market cap of $832.81 million, a P/E ratio of 121.01 and a beta of 1.12. The stock's 50-day moving average is $13.92 and its 200 day moving average is $16.28.
Insider Activity at Viant Technology
In other news, Director Max O. Valdes sold 5,062 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $13.87, for a total value of $70,209.94. Following the completion of the sale, the director directly owned 26,429 shares of the company's stock, valued at $366,570.23. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 sale, the chief executive officer directly owned 365,076 shares in the company, valued at approximately $4,775,194.08. This represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,125 shares of company stock worth $430,048. Corporate insiders own 28.80% of the company's stock.
Analysts Set New Price Targets
DSP has been the subject of several research reports. Raymond James Financial decreased 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, April 11th. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a report on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $21.00.
Read Our Latest Research Report on Viant Technology
About Viant Technology
(
Free Report)
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.
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