Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes Sells 4,838 Shares

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 4,838 shares of Viant Technology stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $14.29, for a total value of $69,135.02. Following the sale, the director now owns 21,591 shares in the company, valued at $308,535.39. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Viant Technology Trading Down 2.6%

Shares of DSP stock traded down $0.38 on Monday, hitting $14.17. 188,479 shares of the stock were exchanged, compared to its average volume of 235,037. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The business has a 50-day moving average of $13.81 and a 200 day moving average of $17.04. The firm has a market capitalization of $886.57 million, a P/E ratio of 236.21 and a beta of 1.14.

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently added to or reduced their stakes in DSP. SG Americas Securities LLC acquired a new stake in shares of Viant Technology during the 4th quarter worth $142,000. New York State Teachers Retirement System bought a new position in shares of Viant Technology during the fourth quarter worth about $27,000. Bank of New York Mellon Corp boosted its position in Viant Technology by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company’s stock valued at $693,000 after acquiring an additional 3,864 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Viant Technology in the fourth quarter valued at approximately $3,022,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Viant Technology during the fourth quarter valued at about $382,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DSP. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Wednesday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Finally, Raymond James reduced their price target on Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $21.00.

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.