Viant Technology Inc. (NASDAQ:DSP - Get Free Report) 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 completion of the sale, the director now directly owns 63,452 shares of the company's stock, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Viant Technology Stock Up 1.4 %
Shares of NASDAQ:DSP opened at $20.64 on Tuesday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 344.06 and a beta of 0.99. Viant Technology Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $21.07. The firm's 50-day simple moving average is $14.14 and its 200-day simple moving average is $11.66.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Craig Hallum boosted their price objective on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a "hold" rating to a "buy" rating and upped their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Scotiabank initiated coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price objective on the stock. JMP Securities upped their target price on shares of Viant Technology from $12.00 to $17.00 and gave the company a "market outperform" rating in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $17.75.
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Hedge Funds Weigh In On Viant Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Global Investments purchased a new stake in shares of Viant Technology during the 2nd quarter worth $111,000. Bank of New York Mellon Corp boosted its holdings in Viant Technology by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company's stock worth $430,000 after buying an additional 5,601 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology during the second quarter worth about $47,000. Rhumbline Advisers increased its holdings in Viant Technology by 5.1% in the second quarter. Rhumbline Advisers now owns 42,430 shares of the company's stock valued at $419,000 after buying an additional 2,070 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position 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 valued at $1,403,000 after acquiring an additional 123,635 shares during the period. Institutional investors and hedge funds own 11.38% of the company's stock.
About Viant Technology
(
Get Free Report)
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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