Huntleigh Advisors Inc. Increases Position in Viant Technology Inc. $DSP

Huntleigh Advisors Inc. raised its position in Viant Technology Inc. (NASDAQ:DSP) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,708 shares of the company’s stock after buying an additional 1,290 shares during the period. Huntleigh Advisors Inc.’s holdings in Viant Technology were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DSP. Fort Washington Investment Advisors Inc. OH acquired a new stake in Viant Technology in the 2nd quarter worth about $8,443,000. Lord Abbett & CO. LLC acquired a new stake in Viant Technology in the 1st quarter worth about $4,023,000. Punch & Associates Investment Management Inc. boosted its holdings in Viant Technology by 37.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after buying an additional 267,326 shares during the last quarter. Norwood Investment Partners LP acquired a new stake in Viant Technology in the 1st quarter worth about $2,881,000. Finally, Whetstone Capital Advisors LLC acquired a new stake in Viant Technology in the 1st quarter worth about $1,472,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Stock Performance

DSP stock opened at $8.16 on Friday. The firm has a market cap of $513.67 million, a PE ratio of 62.77 and a beta of 1.06. The firm’s 50 day moving average price is $9.36 and its 200-day moving average price is $12.17. Viant Technology Inc. has a one year low of $8.11 and a one year high of $26.33.

Insider Activity at Viant Technology

In other news, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $85,448.86. Following the sale, the chief operating officer owned 356,284 shares of the company’s stock, valued at approximately $3,466,643.32. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Larry Madden sold 13,006 shares of Viant Technology stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the sale, the chief financial officer directly owned 423,255 shares in the company, valued at approximately $4,118,271.15. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. 29.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on DSP shares. DA Davidson started coverage on Viant Technology in a report on Friday, August 29th. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Canaccord Genuity Group lowered their target price on Viant Technology from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Tuesday, August 12th. Finally, JMP Securities lowered their target price on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.78.

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.