Viant Technology Inc. (NASDAQ:DSP) Short Interest Update

Viant Technology Inc. (NASDAQ:DSP) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 655,700 shares, an increase of 8.5% from the January 15th total of 604,300 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily volume of 252,400 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Scotiabank assumed coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Needham & Company LLC boosted their target price on shares of Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Canaccord Genuity Group boosted their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JMP Securities boosted their target price on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Finally, Craig Hallum boosted their target price on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average price target of $20.29.

Insider Transactions at Viant Technology

In related news, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction dated Friday, December 6th. The stock was 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 in the company, 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 available through the SEC website. Also, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated 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 sale, the chief financial officer now owns 344,340 shares of the company’s stock, valued at $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,352 shares of company stock worth $1,030,720. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viant Technology

Large investors have recently modified their holdings of the business. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology during the fourth quarter worth about $27,000. Summit Investment Advisors Inc. grew its stake in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after acquiring an additional 728 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Viant Technology during the fourth quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Viant Technology during the fourth quarter worth about $88,000. Finally, FMR LLC grew its stake in shares of Viant Technology by 77.9% during the third 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 last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Down 1.0 %

Shares of DSP stock traded down $0.23 during trading hours on Tuesday, reaching $22.85. 156,801 shares of the company’s stock were exchanged, compared to its average volume of 272,007. Viant Technology has a 1 year low of $7.77 and a 1 year high of $26.33. The stock has a market cap of $1.44 billion, a PE ratio of 378.58 and a beta of 1.01. The stock’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $15.41.

About Viant Technology

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.