Harvest Fund Management Co. Ltd Purchases Shares of 20,165 Viant Technology Inc. (NASDAQ:DSP)

Harvest Fund Management Co. Ltd purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,165 shares of the company's stock, valued at approximately $382,000.

Several other large investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Viant Technology in the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Viant Technology in the fourth quarter valued at about $88,000. FMR LLC raised its stake in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after acquiring an additional 3,123 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Viant Technology in the fourth quarter worth about $142,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Viant Technology in the 3rd quarter valued at approximately $122,000. Institutional investors and hedge funds own 11.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DSP shares. JMP Securities raised their price objective on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a report on Monday, January 27th. Scotiabank initiated coverage on Viant Technology in a report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price target on the stock. Canaccord Genuity Group raised their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Needham & Company LLC reissued a "buy" rating and set a $21.00 target price on shares of Viant Technology in a report on Tuesday, March 4th. Finally, Raymond James dropped their price target on shares of Viant Technology from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $22.43.

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Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on 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 directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. The trade was 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 hyperlink. 28.80% of the stock is owned by company insiders.

Viant Technology Stock Performance

Shares of NASDAQ DSP traded down $0.53 during midday trading on Wednesday, reaching $12.75. The stock had a trading volume of 223,818 shares, compared to its average volume of 210,321. The company's 50 day moving average price is $18.92 and its 200 day moving average price is $16.47. Viant Technology Inc. has a twelve month low of $7.77 and a twelve month high of $26.33. The firm has a market cap of $804.19 million, a price-to-earnings ratio of 212.54 and a beta of 1.02.

Viant Technology 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.