159,140 Shares in Viant Technology Inc. (NASDAQ:DSP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Viant Technology Inc. (NASDAQ:DSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 159,140 shares of the company’s stock, valued at approximately $3,022,000. Raymond James Financial Inc. owned 0.25% of Viant Technology as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System acquired a new position in Viant Technology during the 4th quarter worth $27,000. Quantbot Technologies LP bought a new stake in Viant Technology during the 4th quarter valued at approximately $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Viant Technology in the 4th quarter valued at approximately $88,000. SG Americas Securities LLC bought a new position in Viant Technology in the 4th quarter worth approximately $142,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock worth $168,000 after buying an additional 3,829 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Price Performance

Viant Technology stock opened at $14.31 on Tuesday. The business has a 50 day simple moving average of $14.22 and a 200 day simple moving average of $16.82. Viant Technology Inc. has a one year low of $7.77 and a one year high of $26.33. The company has a market capitalization of $902.59 million, a PE ratio of 238.54 and a beta of 1.21.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the transaction, the chief financial officer now owns 344,340 shares in the company, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 28.80% of the company’s stock.

Analyst Ratings Changes

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

Viant Technology 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.