Viant Technology (NASDAQ:DSP) Shares Gap Down - Time to Sell?

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $20.58, but opened at $20.08. Viant Technology shares last traded at $20.11, with a volume of 88,382 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the company. Canaccord Genuity Group upgraded Viant Technology from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. Canaccord Genuity Group upped their price target on Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Craig Hallum increased their target price on Viant Technology from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Scotiabank started coverage on Viant Technology in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 target price for the company. Finally, JMP Securities increased their target price on Viant Technology from $12.00 to $17.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $17.75.

Viant Technology Stock Performance

The firm has a market cap of $1.31 billion, a PE ratio of 349.83 and a beta of 1.00. The firm has a fifty day simple moving average of $15.13 and a two-hundred day simple moving average of $12.06.

Insider Buying and Selling at Viant Technology

In other news, Director Max O. Valdes sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was 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 directly owns 63,452 shares of the company's stock, valued at $1,301,400.52. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Larry Madden sold 2,768 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the sale, the chief financial officer now directly owns 529,848 shares of the company's stock, valued at $5,950,193.04. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,950 shares of company stock worth $1,953,817 in the last quarter. 28.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Viant Technology by 0.6% during the 3rd 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 last quarter. Rhumbline Advisers lifted its stake in shares of Viant Technology by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company's stock worth $419,000 after acquiring an additional 2,070 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Viant Technology by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock worth $4,959,000 after acquiring an additional 2,915 shares during the last quarter. FMR LLC lifted its stake in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after acquiring an additional 3,123 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Viant Technology during the 2nd quarter worth $47,000. 11.38% of the stock is owned by institutional investors.

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.