Royce & Associates LP Sells 52,820 Shares of Viant Technology Inc. (NASDAQ:DSP)

Royce & Associates LP lessened its position in shares of Viant Technology Inc. (NASDAQ:DSP) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 923,080 shares of the company’s stock after selling 52,820 shares during the period. Royce & Associates LP owned approximately 1.46% of Viant Technology worth $10,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in shares of Viant Technology during the 3rd quarter worth $122,000. Summit Global Investments lifted its holdings in shares of Viant Technology by 145.9% in the 3rd quarter. Summit Global Investments now owns 27,736 shares of the company’s stock worth $307,000 after acquiring an additional 16,457 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $128,000. Mackenzie Financial Corp purchased a new position in Viant Technology in the 2nd quarter worth $112,000. Finally, AQR Capital Management LLC purchased a new stake in Viant Technology during the second quarter valued at about $236,000. 11.38% of the stock is owned by institutional investors.

Viant Technology Trading Up 5.3 %

Shares of Viant Technology stock opened at $16.21 on Friday. Viant Technology Inc. has a 12 month low of $5.36 and a 12 month high of $16.97. The firm has a market capitalization of $1.02 billion, a P/E ratio of 270.17 and a beta of 0.72. The business has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $10.60.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the sale, the chief financial officer now directly owns 529,848 shares in the company, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 10,419 shares of company stock worth $116,647. 28.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.