Viant Technology Inc. (NASDAQ:DSP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Viant Technology Inc. (NASDAQ:DSP) by 1.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 365,339 shares of the company’s stock after buying an additional 6,803 shares during the quarter. Geode Capital Management LLC’s holdings in Viant Technology were worth $4,045,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DSP. Segall Bryant & Hamill LLC grew its holdings in Viant Technology by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after purchasing an additional 2,915 shares during the last quarter. State Street Corp raised its position in shares of Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after purchasing an additional 1,722 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Viant Technology by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock valued at $1,769,000 after buying an additional 6,064 shares in the last quarter. Acadian Asset Management LLC grew its holdings in 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 buying an additional 123,635 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in Viant Technology during the second quarter worth $1,387,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

DSP has been the topic of several recent research reports. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities upped their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Scotiabank began coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company. Canaccord Genuity Group raised their price objective on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Needham & Company LLC increased their target price on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $17.75.

Insider Transactions at Viant Technology

In related news, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now owns 63,452 shares in the company, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the sale, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at approximately $6,727,786.24. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,034 shares of company stock worth $2,175,409 in the last three months. 28.80% of the stock is currently owned by company insiders.

Viant Technology Trading Up 2.5 %

Shares of Viant Technology stock opened at $19.37 on Monday. The business’s fifty day moving average price is $17.61 and its 200 day moving average price is $13.14. Viant Technology Inc. has a twelve month low of $6.50 and a twelve month high of $21.74. The stock has a market capitalization of $1.22 billion, a P/E ratio of 322.89 and a beta of 1.00.

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.