Royce & Associates LP cut its position in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,100 shares of the company's stock after selling 198,980 shares during the quarter. Royce & Associates LP owned approximately 1.15% of Viant Technology worth $13,751,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology in the fourth quarter worth $27,000. FMR LLC raised its stake in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after purchasing an additional 3,123 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Viant Technology in the 4th quarter valued at $88,000. Victory Capital Management Inc. acquired a new stake in Viant Technology in the 3rd quarter worth $122,000. Finally, SG Americas Securities LLC bought a new position in shares of Viant Technology during the 4th quarter worth about $142,000. Institutional investors own 11.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group lifted their target price on Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Raymond James decreased their price objective on Viant Technology from $30.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Scotiabank started coverage on Viant Technology in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 target price for the company. JMP Securities lifted their price target on shares of Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $22.43.
Check Out Our Latest Research Report on DSP
Viant Technology Price Performance
Shares of Viant Technology stock traded up $0.25 during midday trading on Friday, hitting $12.46. 368,318 shares of the company were exchanged, compared to its average volume of 208,888. The firm has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $16.34. Viant Technology Inc. has a 52 week low of $7.77 and a 52 week high of $26.33. The firm has a market cap of $785.90 million, a P/E ratio of 207.70 and a beta of 1.02.
Insider Buying and Selling at Viant Technology
In other Viant Technology 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 transaction of $330,246.08. Following the sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 28.80% of the company's stock.
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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