22,950 Shares in Viant Technology Inc. (NASDAQ:DSP) Bought by Martingale Asset Management L P

Martingale Asset Management L P bought a new position in shares of Viant Technology Inc. (NASDAQ:DSP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,950 shares of the company’s stock, valued at approximately $254,000.

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Viant Technology by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after acquiring an additional 2,915 shares during the period. Victory Capital Management Inc. acquired a new stake in Viant Technology during the 3rd quarter worth about $122,000. Summit Global Investments grew its holdings in Viant Technology by 145.9% during the 3rd quarter. Summit Global Investments now owns 27,736 shares of the company’s stock worth $307,000 after acquiring an additional 16,457 shares during the period. Finally, Algert Global LLC acquired a new stake in Viant Technology during the 2nd quarter worth about $128,000. 11.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DSP shares. JMP Securities increased their price target on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their target price on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their target price on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum raised their target price on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $16.43.

Viant Technology Stock Performance

DSP stock opened at $20.11 on Thursday. The company has a market capitalization of $1.26 billion, a P/E ratio of 335.22 and a beta of 1.00. Viant Technology Inc. has a 52-week low of $6.31 and a 52-week high of $20.25. The business has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $11.49.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 22,504 shares of Viant Technology stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.03, for a total transaction of $383,243.12. Following the completion of the transaction, the chief financial officer now owns 392,634 shares in the company, valued at approximately $6,686,557.02. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 100,166 shares of company stock worth $1,521,311. Insiders own 28.80% of the company’s stock.

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.