Vanguard Group Inc. Lowers Stock Holdings in Viant Technology Inc. (NASDAQ:DSP)

Vanguard Group Inc. trimmed its holdings in Viant Technology Inc. (NASDAQ:DSP) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 848,238 shares of the company’s stock after selling 10,537 shares during the period. Vanguard Group Inc.’s holdings in Viant Technology were worth $16,108,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Viant Technology by 102.2% during the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares during the period. Geode Capital Management LLC raised its holdings in shares of Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,803 shares during the last quarter. Barclays PLC lifted its position in Viant Technology by 74.7% during the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. Quantbot Technologies LP purchased a new position in shares of Viant Technology in the 4th quarter worth $80,000. Finally, Raymond James Financial Inc. purchased a new position in Viant Technology in the fourth quarter worth about $3,022,000. 11.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 28.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DSP has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. 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 report on Monday, January 27th. Finally, Raymond James decreased their price objective on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has an average rating of “Buy” and an average target price of $21.14.

Viant Technology Price Performance

NASDAQ:DSP opened at $12.80 on Friday. The company has a market cap of $807.35 million, a price-to-earnings ratio of 213.37 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 stock’s 50 day simple moving average is $15.70 and its two-hundred day simple moving average is $16.64.

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.