Viant Technology Inc. (NASDAQ:DSP) Director Sells $70,209.94 in Stock

Viant Technology Inc. (NASDAQ:DSP) 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 value of $70,209.94. Following the completion of the transaction, the director now owns 26,429 shares in the company, valued at $366,570.23. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $14.17 on Tuesday. The firm has a market cap of $886.57 million, a PE ratio of 236.21 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 stock has a fifty day moving average price of $13.82 and a 200-day moving average price of $17.00.

Institutional Trading of Viant Technology

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

Analyst Upgrades and Downgrades

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