Norwood Investment Partners LP purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 232,161 shares of the company's stock, valued at approximately $2,881,000. Viant Technology makes up 2.6% of Norwood Investment Partners LP's portfolio, making the stock its 13th biggest holding. Norwood Investment Partners LP owned about 0.37% of Viant Technology at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. increased its stake in Viant Technology by 0.8% in the fourth quarter. Federated Hermes Inc. now owns 58,492 shares of the company's stock valued at $1,111,000 after purchasing an additional 465 shares during the period. Summit Investment Advisors Inc. increased its stake in 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 purchasing an additional 728 shares during the period. Rhumbline Advisers increased its stake 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 purchasing an additional 1,214 shares during the period. Bailard Inc. increased its stake in Viant Technology by 18.4% in the first quarter. Bailard Inc. now owns 19,972 shares of the company's stock valued at $248,000 after purchasing an additional 3,100 shares during the period. Finally, Huntleigh Advisors Inc. increased its stake in Viant Technology by 16.7% in the first 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 during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.
Viant Technology Stock Performance
DSP stock traded up $0.46 during trading on Friday, reaching $14.60. 186,628 shares of the company were exchanged, compared to its average volume of 149,983. The company has a market cap of $913.52 million, a P/E ratio of 132.74 and a beta of 1.12. Viant Technology Inc. has a 52-week low of $8.70 and a 52-week high of $26.33. The stock's 50 day moving average price is $13.61 and its 200 day moving average price is $15.56.
Wall Street Analysts Forecast Growth
DSP has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Wednesday, May 7th. Raymond James Financial lowered their target price on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology presently has a consensus rating of "Buy" and a consensus price target of $21.00.
Read Our Latest Stock Report on Viant Technology
Insider Buying and Selling
In related news, Director Max O. Valdes sold 4,838 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.29, for a total transaction of $69,135.02. Following the sale, the director owned 21,591 shares of the company's stock, valued at approximately $308,535.39. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Larry Madden sold 13,265 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the sale, the chief financial officer directly owned 436,261 shares in the company, valued at approximately $5,706,293.88. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,125 shares of company stock valued at $430,048. Corporate insiders own 29.40% of the company's stock.
Viant Technology Company Profile
(
Free Report)
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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