Insider Selling: Viant Technology Inc. (NASDAQ:DSP) Director Sells 4,838 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) 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 value of $69,135.02. Following the transaction, the director now owns 21,591 shares in the company, valued at approximately $308,535.39. This represents a 18.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Viant Technology Stock Down 2.5%

Shares of NASDAQ:DSP traded down $0.33 during trading on Thursday, hitting $13.12. The stock had a trading volume of 314,777 shares, compared to its average volume of 237,329. The company has a market capitalization of $820.88 million, a PE ratio of 218.70 and a beta of 1.14. The firm's fifty day moving average is $13.86 and its 200 day moving average is $16.96. Viant Technology Inc. has a 12 month low of $8.70 and a 12 month high of $26.33.

Analyst Upgrades and Downgrades

DSP has been the subject of several research analyst reports. Raymond James dropped their price objective on Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $21.00.

Institutional Investors Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSP. New York State Teachers Retirement System purchased a new position in Viant Technology during the fourth quarter valued at $27,000. Summit Investment Advisors Inc. increased its stake in shares of Viant Technology by 83.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock worth $30,000 after acquiring an additional 728 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Viant Technology in the 4th quarter worth about $80,000. SG Americas Securities LLC purchased a new position in Viant Technology during the 4th quarter valued at about $142,000. Finally, Wells Fargo & Company MN boosted its stake in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock worth $168,000 after acquiring an additional 3,829 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.