Segall Bryant & Hamill LLC Sells 171,181 Shares of Viant Technology Inc. (NASDAQ:DSP)

Segall Bryant & Hamill LLC lessened its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 38.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 276,796 shares of the company’s stock after selling 171,181 shares during the period. Segall Bryant & Hamill LLC’s holdings in Viant Technology were worth $5,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of Viant Technology in the fourth quarter valued at $27,000. FMR LLC increased its position in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after buying an additional 3,123 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Viant Technology in the fourth quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Viant Technology in the fourth quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. purchased a new position in Viant Technology during the third quarter valued at approximately $122,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Down 1.9 %

Shares of DSP stock opened at $12.51 on Friday. The business has a 50-day moving average price of $18.68 and a two-hundred day moving average price of $16.42. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33. The firm has a market cap of $789.06 million, a P/E ratio of 208.53 and a beta of 1.02.

Insider Buying and Selling

In related news, CFO Larry Madden sold 14,284 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This trade represents a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Canaccord Genuity Group increased 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. Needham & Company LLC reissued a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a research note on Tuesday, March 4th. Raymond James decreased their target price on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. JMP Securities lifted their price target on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Finally, Scotiabank initiated coverage on Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective for the company. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has a consensus rating of “Buy” and an average price target of $22.43.

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.