Harbor Capital Advisors Inc. Has $5.36 Million Stake in Viant Technology Inc. $DSP

Key Points

• Harbor Capital Advisors Inc. increased its stake in Viant Technology Inc. by 30%, acquiring an additional 93,330 shares to own a total of 404,895 shares worth approximately $5.36 million.
• Hedge funds now own 11.38% of Viant Technology's stock, with multiple firms, including Goldman Sachs and Voya Investment Management, increasing their positions significantly.
• Analysts have mixed forecasts for Viant Technology, with an average price target of $19.78 and ratings ranging from "buy" to "market outperform", indicating potential growth in the stock price.

Harbor Capital Advisors Inc. lifted its position in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 404,895 shares of the company's stock after acquiring an additional 93,330 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.65% of Viant Technology worth $5,357,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Viant Technology by 2.8% in the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after buying an additional 1,214 shares in the last quarter. Martingale Asset Management L P lifted its stake in Viant Technology by 4.9% in the first quarter. Martingale Asset Management L P now owns 28,353 shares of the company's stock valued at $352,000 after acquiring an additional 1,337 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Viant Technology by 7.0% in the first quarter. Mackenzie Financial Corp now owns 29,347 shares of the company's stock valued at $364,000 after purchasing an additional 1,921 shares during the period. Bailard Inc. increased its holdings in Viant Technology by 18.4% in 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 during the period. Finally, Huntleigh Advisors Inc. boosted its stake in shares of Viant Technology by 16.7% in the 1st quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company's stock valued at $278,000 after purchasing an additional 3,216 shares in the last quarter. Institutional investors own 11.38% of the company's stock.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.31 during mid-day trading on Friday, reaching $9.09. 527,086 shares of the company traded hands, compared to its average volume of 227,436. The firm has a market cap of $572.22 million, a PE ratio of 69.93 and a beta of 1.10. Viant Technology Inc. has a 52 week low of $9.05 and a 52 week high of $26.33. The company's 50 day moving average price is $11.41 and its 200-day moving average price is $12.77.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DSP. Raymond James Financial lowered their price objective on shares of Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. DA Davidson initiated coverage on shares of Viant Technology in a report on Friday, August 29th. They issued a "buy" rating and a $15.00 price target on the stock. Finally, JMP Securities dropped their price objective on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $19.78.

Insiders Place Their Bets

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