Quantbot Technologies LP Invests $80,000 in Viant Technology Inc. (NASDAQ:DSP)

Quantbot Technologies LP purchased a new stake in shares of Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, Holdings Channel reports. The fund purchased 4,208 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors have also recently bought and sold shares of DSP. New York State Teachers Retirement System acquired a new stake in Viant Technology during the fourth quarter valued at $27,000. FMR LLC increased its holdings in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Viant Technology during the fourth quarter valued at approximately $88,000. SG Americas Securities LLC bought a new stake in Viant Technology in the fourth quarter worth approximately $142,000. Finally, Martingale Asset Management L P acquired a new position in shares of Viant Technology during the 3rd quarter worth $254,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DSP shares. Scotiabank assumed coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a report on Tuesday, March 4th. Raymond James dropped their price target on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Canaccord Genuity Group upped their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, JMP Securities boosted 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 report on Monday, January 27th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and a consensus target price of $22.43.

Viant Technology Price Performance

NASDAQ:DSP opened at $12.41 on Tuesday. Viant Technology Inc. has a one year low of $7.77 and a one year high of $26.33. The company has a fifty day moving average price of $18.41 and a 200 day moving average price of $16.54. The stock has a market cap of $782.75 million, a P/E ratio of 206.87 and a beta of 1.02.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the sale, the chief financial officer now directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 28.80% of the company’s stock.

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.