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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) Director Max O. Valdes sold 5,062 shares of Viant Technology stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $13.87, for a total value of $70,209.94. Following the transaction, the director now owns 26,429 shares in the company, valued at approximately $366,570.23. This represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Viant Technology Trading Down 2.6%

NASDAQ:DSP traded down $0.38 during midday trading on Monday, hitting $14.17. 188,479 shares of the company were exchanged, compared to its average volume of 235,037. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The company has a market capitalization of $886.57 million, a PE ratio of 236.21 and a beta of 1.14. The company has a fifty day simple moving average of $13.81 and a 200 day simple moving average of $17.04.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in Viant Technology during the fourth quarter worth approximately $27,000. Summit Investment Advisors Inc. increased its holdings 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 period. Quantbot Technologies LP purchased a new stake in Viant Technology in the 4th quarter valued at $80,000. SG Americas Securities LLC acquired a new stake in Viant Technology during the 4th quarter worth $142,000. Finally, Wells Fargo & Company MN boosted its stake 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 purchasing an additional 3,829 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.

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