Deutsche Bank AG Purchases 56,473 Shares of Viant Technology Inc. $DSP

Key Points

• Deutsche Bank AG increased its stake in Viant Technology by 331.8% in the first quarter, owning a total of 73,494 shares worth approximately $912,000.
• Multiple institutional investors have also adjusted their holdings in Viant Technology, with 11.38% of the company's stock now owned by institutional investors.
• Analysts have downgraded price targets for Viant Technology, with the average target now at $20.38 while maintaining a consensus rating of "Buy".

Deutsche Bank AG boosted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 331.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,494 shares of the company's stock after purchasing an additional 56,473 shares during the quarter. Deutsche Bank AG owned about 0.12% of Viant Technology worth $912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in Viant Technology by 76.3% during the 4th 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 in the last quarter. Walleye Capital LLC purchased a new position in Viant Technology during the 4th quarter valued at approximately $193,000. Two Sigma Investments LP purchased a new position in Viant Technology during the 4th quarter valued at approximately $197,000. Bailard Inc. grew its holdings in Viant Technology by 18.4% during the 1st quarter. Bailard Inc. now owns 19,972 shares of the company's stock valued at $248,000 after buying an additional 3,100 shares in the last quarter. Finally, Huntleigh Advisors Inc. grew its holdings in Viant Technology by 16.7% during the 1st quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company's stock valued at $278,000 after buying an additional 3,216 shares in the last quarter. Institutional investors own 11.38% of the company's stock.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 13,265 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the completion of the transaction, the chief financial officer owned 436,261 shares in the company, valued at $5,706,293.88. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Max O. Valdes sold 5,062 shares of the business's 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 transaction, the director owned 26,429 shares of the company's stock, valued at approximately $366,570.23. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,125 shares of company stock worth $430,048 in the last quarter. 29.40% of the stock is owned by company insiders.

Viant Technology Stock Up 3.7%

DSP traded up $0.37 during trading hours on Friday, reaching $10.40. 225,987 shares of the company's stock traded hands, compared to its average volume of 352,788. The firm has a 50-day moving average price of $12.50 and a 200 day moving average price of $13.89. Viant Technology Inc. has a 52-week low of $9.07 and a 52-week high of $26.33. The firm has a market capitalization of $654.68 million, a PE ratio of 80.01 and a beta of 1.12.

Analysts Set New Price Targets

A number of brokerages have recently commented on DSP. Raymond James Financial dropped their target price on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a report on Tuesday, August 12th. JMP Securities dropped their target price on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Canaccord Genuity Group dropped their target price on Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Wall Street Zen upgraded Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat.com, Viant Technology presently has an average rating of "Buy" and an average price target of $19.78.

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.