Trexquant Investment LP Acquires 37,881 Shares of Viant Technology Inc. $DSP

Trexquant Investment LP lifted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 58.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,649 shares of the company’s stock after purchasing an additional 37,881 shares during the period. Trexquant Investment LP’s holdings in Viant Technology were worth $1,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Viant Technology by 2.8% during the 1st quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock valued at $546,000 after purchasing an additional 1,214 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Viant Technology by 13.8% during the 4th quarter. Bank of America Corp DE now owns 33,272 shares of the company’s stock valued at $632,000 after purchasing an additional 4,030 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Viant Technology by 30.8% during the 4th quarter. Deutsche Bank AG now owns 17,021 shares of the company’s stock valued at $323,000 after purchasing an additional 4,012 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Viant Technology during the 4th quarter valued at about $484,000. Finally, Northern Trust Corp boosted its position in shares of Viant Technology by 11.2% during the 4th quarter. Northern Trust Corp now owns 158,512 shares of the company’s stock valued at $3,010,000 after purchasing an additional 15,996 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Up 2.4%

DSP stock opened at $10.30 on Friday. Viant Technology Inc. has a twelve month low of $9.07 and a twelve month high of $26.33. The stock’s 50 day moving average is $12.19 and its 200-day moving average is $13.50. The firm has a market capitalization of $648.39 million, a PE ratio of 79.24 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Canaccord Genuity Group cut their target price on Viant Technology from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. DA Davidson initiated coverage on Viant Technology in a report on Friday, August 29th. They issued a “buy” rating and a $15.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Finally, Raymond James Financial cut their price target on Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating on the stock in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $19.78.

Insider Buying and Selling

In other news, CEO Timothy Vanderhook sold 8,960 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $117,196.80. Following the transaction, the chief executive officer owned 365,076 shares in the company, valued at $4,775,194.08. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Larry Madden sold 13,265 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $173,506.20. Following the completion of the transaction, the chief financial officer owned 436,261 shares in the company, valued at $5,706,293.88. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. 29.40% of the stock is owned by company insiders.

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.