Marshall Wace LLP Increases Stake in Viant Technology Inc. (NASDAQ:DSP)

Marshall Wace LLP boosted its position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 182.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,060 shares of the company's stock after buying an additional 141,403 shares during the period. Marshall Wace LLP owned 0.35% of Viant Technology worth $4,160,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. raised its holdings in Viant Technology by 0.8% in the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company's stock valued at $1,111,000 after acquiring an additional 465 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology in the fourth quarter valued at approximately $27,000. State Street Corp lifted its position in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company's stock worth $3,137,000 after buying an additional 1,722 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock worth $168,000 after buying an additional 3,829 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company's stock.

Viant Technology Stock Up 1.3 %

DSP stock traded up $0.19 during mid-day trading on Monday, hitting $14.31. 144,632 shares of the company were exchanged, compared to its average volume of 227,371. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33. The firm has a market capitalization of $902.59 million, a P/E ratio of 238.54 and a beta of 1.21. The business has a fifty day simple moving average of $14.39 and a 200-day simple moving average of $16.80.

Analyst Upgrades and Downgrades

DSP has been the subject of a number of recent research reports. JMP Securities raised their target price 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. Needham & Company LLC restated a "buy" rating and set a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Finally, Raymond James decreased their target price on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology currently has a consensus rating of "Buy" and an average price target of $21.14.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 28.80% of the company's stock.

About Viant Technology

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.