30,425 Shares in Viant Technology Inc. (NASDAQ:DSP) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new stake in shares of Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,425 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in Viant Technology by 29.2% in the 4th quarter. Renaissance Technologies LLC now owns 471,200 shares of the company’s stock valued at $8,948,000 after acquiring an additional 106,400 shares during the period. JPMorgan Chase & Co. grew its position in shares of Viant Technology by 353.7% in the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock valued at $8,323,000 after purchasing an additional 341,684 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Viant Technology by 189.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company’s stock worth $4,961,000 after purchasing an additional 171,047 shares in the last quarter. Marshall Wace LLP raised its position in shares of Viant Technology by 182.1% during the 4th quarter. Marshall Wace LLP now owns 219,060 shares of the company’s stock worth $4,160,000 after purchasing an additional 141,403 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Viant Technology by 784.8% in the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company’s stock valued at $3,247,000 after buying an additional 151,662 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

DSP stock opened at $16.04 on Thursday. Viant Technology Inc. has a 1 year low of $8.70 and a 1 year high of $26.33. The firm has a market capitalization of $1.01 billion, a PE ratio of 267.38 and a beta of 1.19. The business has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $17.00.

Analyst Ratings Changes

Several equities research analysts have commented on DSP shares. Raymond James cut their price objective on Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. JMP Securities boosted their price target on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research note on Wednesday, April 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $21.00.

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.