Viant Technology Inc. (NASDAQ:DSP) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 5.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 403,300 shares of the company’s stock after selling 21,900 shares during the period. Renaissance Technologies LLC’s holdings in Viant Technology were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in DSP. Kennedy Capital Management LLC raised its holdings in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Viant Technology by 4.4% in the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock valued at $431,000 after buying an additional 1,699 shares in the last quarter. Rhumbline Advisers grew its position in shares of Viant Technology by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock valued at $419,000 after buying an additional 2,070 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Viant Technology during the 2nd quarter worth $47,000. Finally, Bank of New York Mellon Corp lifted its position in Viant Technology by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company’s stock valued at $430,000 after acquiring an additional 5,601 shares during the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DSP has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. Canaccord Genuity Group restated a “hold” rating and set a $11.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total transaction of $34,078.20. Following the transaction, the chief financial officer now owns 538,434 shares of the company’s stock, valued at approximately $5,949,695.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 28.80% of the company’s stock.

Viant Technology Price Performance

NASDAQ DSP opened at $11.01 on Friday. Viant Technology Inc. has a 1-year low of $4.98 and a 1-year high of $12.36. The business has a 50 day moving average price of $10.71 and a 200 day moving average price of $10.02. The company has a market capitalization of $695.83 million, a P/E ratio of -91.75 and a beta of 0.74.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $41.56 million for the quarter, compared to analyst estimates of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. On average, research analysts expect that Viant Technology Inc. will post -0.37 earnings per share for the current fiscal year.

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.