JPMorgan Chase & Co. Grows Position in Viant Technology Inc. (NASDAQ:DSP)

JPMorgan Chase & Co. lifted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 353.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 438,280 shares of the company's stock after acquiring an additional 341,684 shares during the period. JPMorgan Chase & Co. owned approximately 0.70% of Viant Technology worth $8,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new position in shares of Viant Technology in the fourth quarter valued at about $27,000. State Street Corp increased its holdings in Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company's stock worth $3,137,000 after buying an additional 1,722 shares during the period. FMR LLC raised its position in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after buying an additional 3,123 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Viant Technology by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company's stock valued at $693,000 after acquiring an additional 3,864 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Viant Technology in the 4th quarter valued at $80,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DSP. Needham & Company LLC restated a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research report on Wednesday, April 2nd. JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a report on Monday, January 27th. Finally, Raymond James lowered their target price on Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $21.14.

Viant Technology Stock Performance

Shares of Viant Technology stock traded up $0.05 on Friday, hitting $12.80. The company's stock had a trading volume of 206,332 shares, compared to its average volume of 226,336. The company has a market capitalization of $807.35 million, a price-to-earnings ratio of 213.37 and a beta of 1.21. Viant Technology Inc. has a 1 year low of $7.77 and a 1 year high of $26.33. The firm has a fifty day moving average price of $15.47 and a 200-day moving average price of $16.73.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 28.80% of the stock is owned by corporate insiders.

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.