Viant Technology (NASDAQ:DSP) Trading Up 4.5% – What’s Next?

Viant Technology Inc. (NASDAQ:DSP) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $12.55 and last traded at $12.28. 91,012 shares were traded during mid-day trading, a decline of 57% from the average session volume of 212,361 shares. The stock had previously closed at $11.75.

Analyst Upgrades and Downgrades

DSP has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $15.50 target price on shares of Viant Technology in a report on Thursday, March 12th. B. Riley Financial reaffirmed a “buy” rating and issued a $17.00 price objective (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Thursday, March 12th. Finally, Loop Capital set a $14.50 price objective on shares of Viant Technology in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.13.

Viant Technology Trading Up 2.4%

The company has a market cap of $751.02 million, a P/E ratio of 37.52 and a beta of 1.05. The company has a 50 day moving average price of $10.98 and a 200-day moving average price of $10.34.

Insider Buying and Selling

In other news, major shareholder Capital V. Llc sold 15,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total value of $179,100.00. Following the completion of the transaction, the insider directly owned 22,500 shares in the company, valued at approximately $268,650. This represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher Vanderhook sold 4,722 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $9.19, for a total value of $43,395.18. Following the sale, the chief operating officer directly owned 3,699 shares in the company, valued at approximately $33,993.81. This trade represents a 56.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,202 shares of company stock worth $1,252,223 in the last three months. 28.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently bought and sold shares of DSP. Farther Finance Advisors LLC acquired a new stake in shares of Viant Technology during the third quarter valued at about $31,000. Russell Investments Group Ltd. increased its stake in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after buying an additional 1,228 shares during the period. CWM LLC raised its holdings in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after buying an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Viant Technology by 620.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after buying an additional 2,483 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in Viant Technology during the 4th quarter worth approximately $64,000. 11.38% of the stock is currently owned by institutional investors.

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.