Segall Bryant & Hamill LLC Sells 171,181 Shares of Viant Technology Inc. (NASDAQ:DSP)

Segall Bryant & Hamill LLC trimmed its holdings in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,796 shares of the company's stock after selling 171,181 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.44% of Viant Technology worth $5,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. New York State Teachers Retirement System bought a new stake in Viant Technology in the fourth quarter worth $27,000. FMR LLC raised its position in shares of Viant Technology by 77.9% in the 3rd 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 last quarter. Quantbot Technologies LP bought a new position in Viant Technology in the 4th quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Viant Technology during the 4th quarter valued at about $88,000. Finally, Victory Capital Management Inc. bought a new stake in Viant Technology during the 3rd quarter valued at about $122,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the transaction, the chief financial officer now directly owns 358,624 shares in the company, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 28.80% of the stock is currently owned by company insiders.

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Viant Technology Stock Up 7.0 %

NASDAQ:DSP traded up $0.87 on Tuesday, hitting $13.28. The stock had a trading volume of 466,523 shares, compared to its average volume of 213,655. Viant Technology Inc. has a 52-week low of $7.77 and a 52-week high of $26.33. The stock has a market cap of $837.62 million, a price-to-earnings ratio of 221.37 and a beta of 1.02. The business's 50-day simple moving average is $18.26 and its two-hundred day simple moving average is $16.55.

Analyst Ratings Changes

Several brokerages have recently issued reports on DSP. Canaccord Genuity Group upped their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Needham & Company LLC reiterated a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research note on Tuesday, March 4th. JMP Securities boosted their price target 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. Raymond James dropped their price objective on Viant Technology from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Finally, Scotiabank began coverage on Viant Technology in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 target price for the company. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $22.43.

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.