Viant Technology Inc. (NASDAQ:DSP - Get Free Report) fell 3.2% during trading on Friday . The stock traded as low as $19.02 and last traded at $19.48. 246,874 shares were traded during mid-day trading, an increase of 77% from the average session volume of 139,605 shares. The stock had previously closed at $20.13.
Wall Street Analysts Forecast Growth
DSP has been the topic of several recent research reports. Craig Hallum raised their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC raised their price target on shares of Viant Technology from $12.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Scotiabank assumed coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 price objective for the company. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and increased their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. Finally, JMP Securities raised their target price on Viant Technology from $12.00 to $17.00 and gave the company a "market outperform" rating in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $17.75.
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Viant Technology Stock Performance
The stock's 50-day simple moving average is $16.04 and its two-hundred day simple moving average is $12.39. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 325.55 and a beta of 1.00.
Insider Transactions at Viant Technology
In related news, CFO Larry Madden sold 14,284 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $19.51, for a total value of $278,680.84. Following the completion of the sale, the chief financial officer now owns 378,350 shares in the company, valued at approximately $7,381,608.50. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the transaction, the director now owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,834 shares of company stock worth $1,941,519. Company insiders own 28.80% of the company's stock.
Institutional Trading of Viant Technology
A number of hedge funds have recently modified their holdings of the company. Federated Hermes Inc. increased its position in shares of Viant Technology by 5,286.9% during the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company's stock valued at $669,000 after purchasing an additional 66,509 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Viant Technology in the 2nd quarter valued at $1,387,000. Acadian Asset Management LLC lifted its holdings in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company's stock worth $1,403,000 after acquiring an additional 123,635 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Viant Technology during the 2nd quarter valued at about $84,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Viant Technology in the second quarter valued at about $47,000. Institutional investors own 11.38% of the company's stock.
About Viant Technology
(
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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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