Barclays PLC grew its holdings in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 74.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,255 shares of the company's stock after purchasing an additional 16,784 shares during the period. Barclays PLC owned approximately 0.06% of Viant Technology worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after purchasing an additional 3,123 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Viant Technology during the 2nd quarter worth about $112,000. Victory Capital Management Inc. acquired a new position in shares of Viant Technology in the 3rd quarter valued at about $122,000. Algert Global LLC purchased a new stake in shares of Viant Technology in the second quarter worth approximately $128,000. Finally, XTX Topco Ltd boosted its holdings in shares of Viant Technology by 55.1% during the second quarter. XTX Topco Ltd now owns 20,946 shares of the company's stock worth $207,000 after purchasing an additional 7,437 shares during the period. Institutional investors and hedge funds own 11.38% of the company's stock.
Insider Buying and Selling at Viant Technology
In other Viant Technology news, CFO Larry Madden sold 22,504 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.03, for a total value of $383,243.12. Following the completion of the sale, the chief financial officer now owns 392,634 shares in the company, valued at approximately $6,686,557.02. This trade represents a 5.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,313 shares of company stock valued at $2,122,470. 28.80% of the stock is currently owned by company insiders.
Viant Technology Stock Performance
Shares of DSP stock traded up $0.61 during mid-day trading on Friday, reaching $19.17. The company's stock had a trading volume of 220,797 shares, compared to its average volume of 176,647. The company has a market cap of $1.20 billion, a P/E ratio of 319.55 and a beta of 0.98. The firm's 50-day moving average is $18.82 and its two-hundred day moving average is $13.71. Viant Technology Inc. has a 1-year low of $6.50 and a 1-year high of $21.74.
Analysts Set New Price Targets
DSP has been the subject of a number of research reports. Canaccord Genuity Group raised Viant Technology from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Needham & Company LLC boosted their price target on Viant Technology from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday. Canaccord Genuity Group increased their price objective on Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 2nd. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the stock a "market outperform" rating in a report on Wednesday, November 13th. Finally, Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $18.13.
Check Out Our Latest Stock Analysis on DSP
About Viant Technology
(
Free Report)
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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