311,565 Shares in Viant Technology Inc. (NASDAQ:DSP) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 311,565 shares of the company's stock, valued at approximately $3,867,000. Harbor Capital Advisors Inc. owned 0.49% of Viant Technology at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Viant Technology in the fourth quarter valued at $27,000. Summit Investment Advisors Inc. raised its stake in shares of Viant Technology by 83.3% in the fourth 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 bought a new stake in shares of Viant Technology in the fourth quarter valued at $80,000. SG Americas Securities LLC bought a new stake in shares of Viant Technology in the fourth quarter valued at $142,000. Finally, Wells Fargo & Company MN raised its stake in shares of Viant Technology by 76.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock valued at $168,000 after buying an additional 3,829 shares during the period. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Stock Down 3.7%

Shares of NASDAQ DSP traded down $0.49 during midday trading on Friday, reaching $12.63. The company had a trading volume of 507,342 shares, compared to its average volume of 239,060. Viant Technology Inc. has a one year low of $8.70 and a one year high of $26.33. The firm's fifty day moving average price is $13.88 and its 200-day moving average price is $16.88. The stock has a market cap of $790.22 million, a PE ratio of 210.54 and a beta of 1.14.

Analysts Set New Price Targets

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

Insider Activity

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

Viant Technology Company 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.