Trexquant Investment LP Purchases 37,881 Shares of Viant Technology Inc. $DSP

Key Points

• Trexquant Investment LP increased its stake in Viant Technology Inc. by 58.5% in Q1, acquiring 37,881 shares to total 102,649 shares valued at approximately $1.27 million.
• Various institutional investors have recently repositioned their holdings in Viant Technology, with significant investments from firms like Lord Abbett & CO. LLC and Millennium Management LLC.
• Analysts have adjusted their price targets for Viant Technology, indicating a consensus average target price of $19.78, with ratings ranging from "buy" to "market outperform".

Trexquant Investment LP increased its stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 58.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,649 shares of the company's stock after purchasing an additional 37,881 shares during the period. Trexquant Investment LP owned approximately 0.16% of Viant Technology worth $1,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in Viant Technology by 76.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock valued at $168,000 after acquiring an additional 3,829 shares during the last quarter. Two Sigma Investments LP bought a new position in Viant Technology in the fourth quarter valued at about $197,000. Voya Investment Management LLC grew its position in Viant Technology by 28.8% in the fourth quarter. Voya Investment Management LLC now owns 15,347 shares of the company's stock valued at $291,000 after acquiring an additional 3,431 shares during the last quarter. Two Sigma Advisers LP bought a new position in Viant Technology in the fourth quarter valued at about $302,000. Finally, Deutsche Bank AG grew its position in Viant Technology by 30.8% in the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after acquiring an additional 4,012 shares during the last quarter. Institutional investors own 11.38% of the company's stock.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,265 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $173,506.20. Following the transaction, the chief financial officer directly owned 436,261 shares of the company's stock, valued at approximately $5,706,293.88. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy Vanderhook sold 8,960 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the completion of the transaction, the chief executive officer directly owned 365,076 shares in the company, valued at approximately $4,775,194.08. This trade represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.40% of the stock is currently owned by insiders.

Viant Technology Price Performance

Shares of Viant Technology stock traded up $0.21 during midday trading on Thursday, reaching $9.98. The company had a trading volume of 369,836 shares, compared to its average volume of 254,189. The stock has a fifty day moving average price of $11.93 and a 200 day moving average price of $13.19. The firm has a market cap of $628.24 million, a PE ratio of 76.78 and a beta of 1.10. Viant Technology Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $26.33.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Canaccord Genuity Group cut their price target on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. DA Davidson began coverage on Viant Technology in a research note on Friday, August 29th. They set a "buy" rating and a $15.00 price target on the stock. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Viant Technology in a research note on Tuesday, August 12th. Finally, Raymond James Financial cut their price target on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating on the stock in a research note 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 company's stock. Based on data from MarketBeat, Viant Technology has a consensus rating of "Buy" and a consensus target price 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.