Millennium Management LLC Has $3.25 Million Holdings in Viant Technology Inc. (NASDAQ:DSP)

Millennium Management LLC lifted its stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 784.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,987 shares of the company's stock after buying an additional 151,662 shares during the period. Millennium Management LLC owned about 0.27% of Viant Technology worth $3,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DSP. JPMorgan Chase & Co. increased its holdings in Viant Technology by 353.7% during the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock valued at $8,323,000 after purchasing an additional 341,684 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Viant Technology by 189.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company's stock valued at $4,961,000 after purchasing an additional 171,047 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Viant Technology during the 4th quarter valued at $3,022,000. Marshall Wace LLP increased its holdings in Viant Technology by 182.1% during the 4th quarter. Marshall Wace LLP now owns 219,060 shares of the company's stock valued at $4,160,000 after purchasing an additional 141,403 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Viant Technology by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 471,200 shares of the company's stock valued at $8,948,000 after purchasing an additional 106,400 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Price Performance

Shares of NASDAQ DSP traded up $0.09 during midday trading on Wednesday, hitting $13.82. The stock had a trading volume of 227,837 shares, compared to its average volume of 232,755. The company's 50-day simple moving average is $13.76 and its 200 day simple moving average is $17.11. The firm has a market cap of $864.68 million, a P/E ratio of 230.37 and a beta of 1.14. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33.

Analyst Upgrades and Downgrades

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

About Viant Technology

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.