Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes Sells 5,062 Shares

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 5,062 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $13.87, for a total value of $70,209.94. Following the sale, the director now directly owns 26,429 shares of the company’s stock, valued at $366,570.23. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Viant Technology Stock Down 2.6%

Shares of Viant Technology stock traded down $0.38 during trading on Monday, reaching $14.17. The company’s stock had a trading volume of 188,479 shares, compared to its average volume of 235,037. The business has a 50 day moving average price of $13.81 and a 200-day moving average price of $17.04. Viant Technology Inc. has a 12-month low of $8.70 and a 12-month high of $26.33. The company has a market capitalization of $886.57 million, a P/E ratio of 236.21 and a beta of 1.14.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in shares of Viant Technology during the 4th quarter worth $27,000. Summit Investment Advisors Inc. grew its position in shares of Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology during the fourth quarter worth $80,000. SG Americas Securities LLC purchased a new position in Viant Technology in the 4th quarter valued at about $142,000. Finally, Wells Fargo & Company MN boosted its position in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock worth $168,000 after acquiring an additional 3,829 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.