Viant Technology Inc. (NASDAQ:DSP) Short Interest Down 21.9% in October

Viant Technology Inc. (NASDAQ:DSPGet Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 492,200 shares, a decrease of 21.9% from the October 15th total of 630,200 shares. Based on an average daily trading volume, of 83,400 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.5% of the company’s shares are sold short.

Viant Technology Trading Up 5.3 %

NASDAQ:DSP traded up $0.81 during mid-day trading on Friday, reaching $16.21. 274,826 shares of the stock were exchanged, compared to its average volume of 131,116. Viant Technology has a 1-year low of $5.36 and a 1-year high of $16.97. The business has a fifty day moving average price of $11.67 and a 200 day moving average price of $10.60. The firm has a market capitalization of $1.02 billion, a PE ratio of 270.21 and a beta of 0.72.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20. Following the completion of the sale, the chief financial officer now owns 538,434 shares in the company, valued at approximately $5,949,695.70. The trade was a 0.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 10,419 shares of company stock valued at $116,647 over the last 90 days. 28.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viant Technology in the second quarter valued at $47,000. FMR LLC boosted its position in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology during the 2nd quarter valued at about $84,000. Summit Global Investments acquired a new position in shares of Viant Technology in the 2nd quarter valued at about $111,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Viant Technology in the second quarter worth approximately $112,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DSP. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a research note on Wednesday. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a research report on Wednesday. Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities lifted their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Needham & Company LLC lifted their price target on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has an average rating of “Buy” and an average price target of $15.86.

Get Our Latest Stock Analysis on Viant Technology

About Viant Technology

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.