Max O. Valdes Sells 7,500 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the sale, the director now owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Viant Technology Trading Up 3.5 %

NASDAQ DSP opened at $21.37 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 356.67 and a beta of 1.00. The company has a 50 day moving average of $14.33 and a 200-day moving average of $11.74. Viant Technology Inc. has a 1-year low of $6.31 and a 1-year high of $21.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Scotiabank assumed coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target on the stock. Canaccord Genuity Group raised their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Craig Hallum lifted their target price on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Finally, JMP Securities upped their target price on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new stake in shares of Viant Technology during the 2nd quarter worth $1,387,000. Acadian Asset Management LLC grew its stake in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares in the last quarter. Federated Hermes Inc. increased its holdings in Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after buying an additional 66,509 shares during the period. AQR Capital Management LLC bought a new stake in shares of Viant Technology during the 2nd quarter worth approximately $236,000. Finally, Martingale Asset Management L P bought a new stake in shares of Viant Technology during the 3rd quarter worth approximately $254,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company 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.