Strs Ohio Invests $506,000 in Viant Technology Inc. $DSP

Key Points

• Strs Ohio has made a new investment of approximately $506,000 in Viant Technology Inc., acquiring 40,800 shares during the first quarter, increasing its ownership to 0.07% of the company.
• Several hedge funds, including Goldman Sachs, have increased their stakes in Viant Technology, with Goldman Sachs boosting its position by 77.1% to own 136,249 shares worth about $1.7 million.
• Analysts have varied opinions on Viant Technology's stock, with price targets being adjusted and an average target set at $19.78, while the stock currently trades around $9.09.

Strs Ohio bought a new position in Viant Technology Inc. (NASDAQ:DSP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,800 shares of the company's stock, valued at approximately $506,000. Strs Ohio owned about 0.07% of Viant Technology as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Viant Technology by 2.8% in the 1st quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock worth $546,000 after purchasing an additional 1,214 shares during the last quarter. Martingale Asset Management L P lifted its position in Viant Technology by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 28,353 shares of the company's stock worth $352,000 after buying an additional 1,337 shares in the last quarter. Mackenzie Financial Corp lifted its position in Viant Technology by 7.0% during the 1st quarter. Mackenzie Financial Corp now owns 29,347 shares of the company's stock worth $364,000 after buying an additional 1,921 shares in the last quarter. Bailard Inc. lifted its position in Viant Technology by 18.4% during the 1st quarter. Bailard Inc. now owns 19,972 shares of the company's stock worth $248,000 after buying an additional 3,100 shares in the last quarter. Finally, Huntleigh Advisors Inc. lifted its position in Viant Technology by 16.7% during the 1st quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company's stock worth $278,000 after buying an additional 3,216 shares in the last quarter. Institutional investors own 11.38% of the company's stock.

Insider Buying and Selling

In related news, COO Christopher Vanderhook sold 8,782 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer owned 356,284 shares in the company, valued at approximately $3,466,643.32. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Larry Madden sold 13,006 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the transaction, the chief financial officer owned 423,255 shares of the company's stock, valued at approximately $4,118,271.15. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. 28.80% of the stock is currently owned by insiders.

Viant Technology Stock Up 3.5%

NASDAQ DSP traded up $0.32 during trading on Monday, reaching $9.41. 347,845 shares of the stock traded hands, compared to its average volume of 229,112. The stock's 50-day moving average price is $11.41 and its 200 day moving average price is $12.75. Viant Technology Inc. has a fifty-two week low of $9.05 and a fifty-two week high of $26.33.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Viant Technology in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. JMP Securities cut their target price on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Canaccord Genuity Group cut their target price on shares of Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, Raymond James Financial cut their target price on shares of Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating on the stock in a research 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 stock. According to MarketBeat, Viant Technology has a consensus rating of "Buy" and an average price target of $19.78.

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.