638,199 Shares in Viant Technology Inc. $DSP Purchased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH purchased 638,199 shares of Viant Technology Inc. valued at approximately $8.4 million, representing about 1.02% ownership.
• Analysts have given Viant Technology an average rating of "Buy" with a target price around $19.78, despite fluctuations in other analysts' estimates.
• Insiders, including COO and CFO, sold shares of Viant Technology recently, indicating a decrease in their positions, with insiders owning approximately 28.80% of the company's stock.

Fort Washington Investment Advisors Inc. OH bought a new stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 638,199 shares of the company's stock, valued at approximately $8,443,000. Fort Washington Investment Advisors Inc. OH owned approximately 1.02% of Viant Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of DSP. Central Pacific Bank Trust Division bought a new position in shares of Viant Technology during the 2nd quarter worth approximately $75,000. Two Sigma Investments LP bought a new position in Viant Technology in the fourth quarter valued at $197,000. Two Sigma Advisers LP bought a new position in Viant Technology in the fourth quarter valued at $302,000. Deutsche Bank AG increased its stake in Viant Technology by 30.8% in the 4th quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after buying an additional 4,012 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Viant Technology by 24.6% during the 1st quarter. Voya Investment Management LLC now owns 19,129 shares of the company's stock worth $237,000 after buying an additional 3,782 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. DA Davidson started coverage on Viant Technology in a research note on Friday, August 29th. They issued a "buy" rating and a $15.00 price target for the company. Canaccord Genuity Group lowered their price target on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a report on Tuesday, August 12th. Finally, JMP Securities decreased their target price on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $19.78.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $8.49 on Monday. The business has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $12.60. Viant Technology Inc. has a 1 year low of $8.42 and a 1 year high of $26.33. The company has a market capitalization of $534.45 million, a price-to-earnings ratio of 65.31 and a beta of 1.11.

Insider Transactions at Viant Technology

In related news, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $85,448.86. Following the completion of the sale, the chief operating officer owned 356,284 shares of the company's stock, valued at approximately $3,466,643.32. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Larry Madden sold 13,006 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the completion of the transaction, the chief financial officer owned 423,255 shares in the company, valued at approximately $4,118,271.15. This trade represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Company insiders own 28.80% 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.

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