Max O. Valdes Sells 5,062 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) Director Max O. Valdes sold 5,062 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $13.87, for a total transaction of $70,209.94. Following the completion of the transaction, the director now owns 26,429 shares of the company's stock, valued at $366,570.23. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Viant Technology Stock Performance

DSP traded down $0.33 during midday 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 cap of $820.88 million, a P/E ratio of 218.70 and a beta of 1.14. Viant Technology Inc. has a 1 year low of $8.70 and a 1 year high of $26.33. The business has a fifty day moving average of $13.86 and a 200 day moving average of $16.96.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently added to or reduced their stakes in DSP. New York State Teachers Retirement System purchased a new stake in Viant Technology during the fourth quarter valued at about $27,000. Summit Investment Advisors Inc. lifted 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 valued at $30,000 after acquiring an additional 728 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Viant Technology during the 4th quarter valued at about $80,000. SG Americas Securities LLC purchased a new stake in Viant Technology during the 4th quarter valued at about $142,000. Finally, Wells Fargo & Company MN grew its position in Viant Technology by 76.3% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 11.38% of the company's stock.

Viant Technology Company 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.