XTX Topco Ltd Invests $425,000 in Viant Technology Inc. (NASDAQ:DSP)

XTX Topco Ltd acquired a new stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,357 shares of the company's stock, valued at approximately $425,000.

Other large investors also recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Viant Technology in the 4th quarter valued at $27,000. Summit Investment Advisors Inc. increased its stake in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares in the last quarter. FMR LLC raised its holdings in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after purchasing an additional 3,123 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Viant Technology in the 4th quarter valued at about $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Viant Technology during the 4th quarter worth approximately $88,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Viant Technology Price Performance

Shares of DSP stock traded up $0.25 on Friday, hitting $14.12. The stock had a trading volume of 219,209 shares, compared to its average volume of 227,703. The stock has a market cap of $890.60 million, a price-to-earnings ratio of 235.37 and a beta of 1.21. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33. The business has a 50 day moving average of $14.39 and a 200 day moving average of $16.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DSP. Needham & Company LLC reaffirmed 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 upped their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a report on Monday, January 27th. Finally, Raymond James lowered their target price on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $21.14.

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.