Viant Technology (NASDAQ:DSP) Stock Price Down 3.2% – What’s Next?

Shares of Viant Technology Inc. (NASDAQ:DSP) fell 3.2% during trading on Friday . The stock traded as low as $19.02 and last traded at $19.48. 246,874 shares traded hands during trading, an increase of 77% from the average session volume of 139,605 shares. The stock had previously closed at $20.13.

Analyst Upgrades and Downgrades

DSP has been the topic of a number of research analyst reports. JMP Securities raised their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. 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, November 13th. Needham & Company LLC upped their price target on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their price target 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $17.75.

Viant Technology Stock Down 3.0 %

The business’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $12.39. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 325.55 and a beta of 1.00.

Insider Buying and Selling at Viant Technology

In related news, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the sale, the director now directly owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Larry Madden sold 67,243 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the transaction, the chief financial officer now directly owns 461,107 shares in the company, valued at approximately $7,004,215.33. This represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,834 shares of company stock worth $1,941,519 over the last 90 days. Company insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds have recently bought and sold shares of DSP. State Street Corp increased its holdings in shares of Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after purchasing an additional 1,722 shares during the period. Rhumbline Advisers grew its position in Viant Technology by 5.1% during the second quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock worth $419,000 after buying an additional 2,070 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,915 shares in the last quarter. FMR LLC lifted its position in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology during the 2nd quarter worth $47,000. 11.38% of the stock is owned by institutional investors.

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.