Covestor Ltd Sells 1,117 Shares of Viant Technology Inc. (NASDAQ:DSP)

Covestor Ltd lessened its position in shares of Viant Technology Inc. (NASDAQ:DSP) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,735 shares of the company’s stock after selling 1,117 shares during the period. Covestor Ltd’s holdings in Viant Technology were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Viant Technology in the 4th quarter worth about $27,000. FMR LLC increased its holdings in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares in the last quarter. Quantbot Technologies LP bought a new stake in Viant Technology in the fourth quarter worth approximately $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Viant Technology in the fourth quarter valued at approximately $88,000. Finally, SG Americas Securities LLC bought a new position in shares of Viant Technology during the 4th quarter worth approximately $142,000. Institutional investors own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research report on Wednesday, April 2nd. JMP Securities upped their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Finally, Raymond James cut their price objective on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has an average rating of “Buy” and a consensus price target of $21.14.

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $12.99 on Monday. The company has a 50-day moving average price of $16.60 and a 200-day moving average price of $16.66. The stock has a market capitalization of $819.33 million, a P/E ratio of 216.54 and a beta of 1.21. Viant Technology Inc. has a 1 year low of $7.77 and a 1 year high of $26.33.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 28.80% of the stock is owned by insiders.

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.