Viant Technology Inc. (NASDAQ:DSP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $25.89 and last traded at $25.70, with a volume of 123540 shares traded. The stock had previously closed at $24.76.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Viant Technology from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Canaccord Genuity Group upgraded shares of Viant Technology from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. JMP Securities lifted their price target on shares of Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. Canaccord Genuity Group increased their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Seven equities research 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 target price of $20.29.
Get Our Latest Analysis on DSP
Viant Technology Stock Down 9.6 %
The stock has a market capitalization of $1.47 billion, a P/E ratio of 392.28 and a beta of 1.01. The business's 50 day simple moving average is $20.45 and its two-hundred day simple moving average is $15.14.
Insider Activity at Viant Technology
In other news, Director Max O. Valdes sold 7,500 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the sale, the director now owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Larry Madden sold 22,504 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the completion of the sale, the chief financial officer now owns 392,634 shares of the company's stock, valued at approximately $6,686,557.02. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,856 shares of company stock valued at $1,413,963. 28.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Viant Technology
A number of institutional investors have recently added to or reduced their stakes in DSP. Federated Hermes Inc. lifted its position in shares of Viant Technology by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company's stock worth $1,111,000 after buying an additional 465 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology during the fourth quarter valued at approximately $27,000. State Street Corp lifted its holdings 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 acquiring an additional 1,722 shares during the period. Segall Bryant & Hamill LLC boosted its position in Viant Technology by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock worth $4,959,000 after purchasing an additional 2,915 shares during the last quarter. Finally, FMR LLC grew its stake in Viant Technology by 77.9% in 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 period. 11.38% of the stock is owned by institutional investors.
About Viant Technology
(
Get 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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