PDT Partners LLC Sells 35,311 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

PDT Partners LLC lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,426 shares of the company's stock after selling 35,311 shares during the quarter. PDT Partners LLC owned approximately 0.06% of DoubleVerify worth $2,102,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of DoubleVerify by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after acquiring an additional 143,773 shares during the period. AQR Capital Management LLC grew its holdings in DoubleVerify by 29.5% during the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock valued at $50,002,000 after purchasing an additional 592,435 shares during the period. Geneva Capital Management LLC increased its position in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after buying an additional 19,684 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DoubleVerify by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock valued at $40,754,000 after buying an additional 10,803 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after buying an additional 94,095 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

DV traded up $0.18 during trading on Friday, reaching $13.43. The stock had a trading volume of 1,934,636 shares, compared to its average volume of 2,436,661. The business has a 50-day moving average of $13.83 and a 200-day moving average of $17.81. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $31.11. The stock has a market cap of $2.18 billion, a PE ratio of 36.30, a PEG ratio of 2.63 and a beta of 1.04.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % 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. Company insiders own 3.59% of the company's stock.

Analyst Ratings Changes

DV has been the subject of several recent research reports. Canaccord Genuity Group decreased their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Barclays reduced their target price on shares of DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Needham & Company LLC restated a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research note on Wednesday, April 16th. Stifel Nicolaus reduced their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JMP Securities restated a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.68.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.