Trexquant Investment LP Purchases Shares of 64,768 Viant Technology Inc. (NASDAQ:DSP)

Trexquant Investment LP purchased a new position in Viant Technology Inc. (NASDAQ:DSP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 64,768 shares of the company's stock, valued at approximately $1,230,000. Trexquant Investment LP owned approximately 0.10% of Viant Technology as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology during the 4th quarter worth approximately $27,000. State Street Corp grew its stake in shares of Viant Technology by 0.6% in the 3rd 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. FMR LLC raised its position in shares of 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 buying an additional 3,123 shares in the last quarter. Bank of New York Mellon Corp grew its position in Viant Technology by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company's stock worth $693,000 after acquiring an additional 3,864 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Viant Technology during the fourth quarter worth approximately $80,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the sale, the chief financial officer now owns 344,340 shares of the company's stock, valued at $7,961,140.80. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 28.80% of the company's stock.

Viant Technology Price Performance

NASDAQ DSP traded down $0.17 during trading hours on Wednesday, reaching $12.98. The company's stock had a trading volume of 61,047 shares, compared to its average volume of 224,951. The firm has a market capitalization of $818.39 million, a price-to-earnings ratio of 216.37 and a beta of 1.21. Viant Technology Inc. has a 1-year low of $7.77 and a 1-year high of $26.33. The company's 50-day moving average is $16.18 and its two-hundred day moving average is $16.65.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DSP. JMP Securities boosted their target price on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research report on Monday, January 27th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Finally, Raymond James cut their target price on Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $21.14.

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.