JPMorgan Chase & Co. Purchases 48,826 Shares of Viant Technology Inc. (NASDAQ:DSP)

JPMorgan Chase & Co. lifted its stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 102.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,596 shares of the company's stock after purchasing an additional 48,826 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of Viant Technology worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its holdings in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company's stock valued at $3,137,000 after purchasing an additional 1,722 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Viant Technology by 5.1% in the second quarter. Rhumbline Advisers now owns 42,430 shares of the company's stock worth $419,000 after acquiring an additional 2,070 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Viant Technology by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock worth $4,959,000 after acquiring an additional 2,915 shares during the last quarter. FMR LLC lifted its position in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after purchasing an additional 3,123 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company's stock worth $1,769,000 after purchasing an additional 6,064 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DSP. JMP Securities raised their target price on Viant Technology from $12.00 to $17.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 13th. Canaccord Genuity Group lifted 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. 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 report on Wednesday, November 13th. Needham & Company LLC lifted their price objective on Viant Technology from $18.00 to $21.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, Craig Hallum lifted their price objective on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology presently has an average rating of "Buy" and an average price target of $19.29.

Insider Activity at Viant Technology

In other news, Director Max O. Valdes sold 7,500 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the transaction, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Larry Madden sold 14,284 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the transaction, the chief financial officer now owns 358,624 shares of the company's stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,313 shares of company stock valued at $2,122,470 over the last ninety days. 28.80% of the stock is owned by insiders.

Viant Technology Trading Up 0.6 %

Shares of Viant Technology stock traded up $0.13 during trading on Friday, reaching $20.52. The company's stock had a trading volume of 118,626 shares, compared to its average volume of 178,625. The stock has a 50-day moving average price of $19.33 and a two-hundred day moving average price of $14.04. Viant Technology Inc. has a one year low of $7.77 and a one year high of $21.74. The stock has a market capitalization of $1.29 billion, a P/E ratio of 342.06 and a beta of 0.98.

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.