Viant Technology Inc. (NASDAQ:DSP) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 923,080 shares of the company's stock after selling 52,820 shares during the quarter. Royce & Associates LP owned approximately 1.46% of Viant Technology worth $10,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology during the second quarter worth $47,000. Ashton Thomas Private Wealth LLC purchased a new stake in Viant Technology in the 2nd quarter valued at about $84,000. Summit Global Investments acquired a new position in shares of Viant Technology during the 2nd quarter valued at about $111,000. Mackenzie Financial Corp acquired a new position in shares of Viant Technology during the 2nd quarter valued at about $112,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Viant Technology during the 3rd quarter worth about $122,000. Institutional investors and hedge funds own 11.38% of the company's stock.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares in the company, valued at $5,950,193.04. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 10,419 shares of company stock valued at $116,647 over the last three months. 28.80% of the stock is owned by insiders.

Analysts Set New Price Targets

DSP has been the topic of several research reports. Needham & Company LLC increased their target price on Viant Technology from $12.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday. Canaccord Genuity Group upgraded Viant Technology from a "hold" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. Craig Hallum lifted their price objective on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday. JMP Securities increased their target price on shares of Viant Technology from $12.00 to $17.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Finally, Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $15.86.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded up $0.81 during midday trading on Friday, reaching $16.21. The company had a trading volume of 274,826 shares, compared to its average volume of 131,116. The stock has a market capitalization of $1.02 billion, a P/E ratio of 270.21 and a beta of 0.72. The stock's fifty day moving average price is $11.67 and its 200-day moving average price is $10.62. Viant Technology Inc. has a one year low of $5.36 and a one year high of $16.97.

Viant Technology Company 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.