Viant Technology Inc. (NASDAQ:DSP) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Viant Technology Inc. (NASDAQ:DSP) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,601 shares of the company’s stock after acquiring an additional 9,200 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.07% of Viant Technology worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock worth $8,323,000 after purchasing an additional 341,684 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Viant Technology by 189.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company’s stock worth $4,961,000 after buying an additional 171,047 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Viant Technology during the 4th quarter valued at approximately $3,022,000. Harvest Fund Management Co. Ltd acquired a new stake in Viant Technology in the 4th quarter valued at $382,000. Finally, Barclays PLC increased its holdings in Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after acquiring an additional 16,784 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Trading Up 1.2 %

Shares of NASDAQ DSP opened at $12.42 on Wednesday. The stock has a market cap of $783.38 million, a PE ratio of 207.03 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 company has a 50-day moving average of $17.29 and a 200 day moving average of $16.59.

Analyst Ratings Changes

Several research firms have issued reports on DSP. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a report on Wednesday, April 2nd. Raymond James decreased their price target on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology has an average rating of “Buy” and an average target price of $22.43.

Insider Activity

In related news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were 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 represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 28.80% 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.