Insider Selling: Viant Technology Inc. (NASDAQ:DSP) Director Sells $69,135.02 in Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 4,838 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $14.29, for a total transaction of $69,135.02. Following the completion of the transaction, the director now owns 21,591 shares in the company, valued at $308,535.39. The trade was a 18.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Viant Technology Stock Up 0.1%

Shares of NASDAQ:DSP opened at $13.45 on Thursday. Viant Technology Inc. has a 52-week low of $8.70 and a 52-week high of $26.33. The company has a 50 day moving average of $13.86 and a two-hundred day moving average of $16.96. The company has a market capitalization of $841.53 million, a price-to-earnings ratio of 224.20 and a beta of 1.14.

Institutional Trading of Viant Technology

Large investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Viant Technology in the fourth quarter valued at approximately $27,000. Summit Investment Advisors Inc. grew its position in 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 acquiring an additional 728 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Viant Technology in the fourth quarter valued at approximately $80,000. SG Americas Securities LLC acquired a new stake in Viant Technology in the fourth quarter valued at approximately $142,000. Finally, Wells Fargo & Company MN grew its position in shares of 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 buying an additional 3,829 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

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