Occudo Quantitative Strategies LP Makes New Investment in Viant Technology Inc. (NASDAQ:DSP)

Occudo Quantitative Strategies LP bought a new stake in Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,425 shares of the company’s stock, valued at approximately $578,000.

Several other hedge funds have also made changes to their positions in DSP. Millennium Management LLC raised its position in shares of Viant Technology by 784.8% during the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company’s stock valued at $3,247,000 after buying an additional 151,662 shares during the period. Deutsche Bank AG grew its position in Viant Technology by 30.8% in the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company’s stock worth $323,000 after acquiring an additional 4,012 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Viant Technology during the fourth quarter worth $990,000. Bank of America Corp DE raised its position in Viant Technology by 13.8% in the fourth quarter. Bank of America Corp DE now owns 33,272 shares of the company’s stock valued at $632,000 after purchasing an additional 4,030 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Viant Technology in the fourth quarter valued at $484,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $16.04 on Thursday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 267.38 and a beta of 1.19. The business has a 50-day moving average of $13.28 and a 200 day moving average of $17.00. Viant Technology Inc. has a 12 month low of $8.70 and a 12 month high of $26.33.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DSP shares. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price target on shares of Viant Technology in a report on Wednesday, April 2nd. JMP Securities increased their target price on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Wednesday, May 7th. Finally, Raymond James reduced their price target on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $21.00.

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.