SG Americas Securities LLC Makes New $142,000 Investment in Viant Technology Inc. (NASDAQ:DSP)

SG Americas Securities LLC bought a new stake in shares of Viant Technology Inc. (NASDAQ:DSP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,489 shares of the company’s stock, valued at approximately $142,000.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Viant Technology in the fourth quarter valued at approximately $88,000. Victory Capital Management Inc. purchased a new stake in shares of Viant Technology during the 3rd quarter valued at approximately $122,000. AQR Capital Management LLC bought a new position in Viant Technology in the 2nd quarter worth approximately $236,000. Finally, Martingale Asset Management L P purchased a new position in Viant Technology in the 3rd quarter valued at approximately $254,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Insider Activity

In related news, CFO Larry Madden sold 67,243 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 461,107 shares in the company, valued at $7,004,215.33. The trade was a 12.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now owns 63,452 shares in the company, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,099 shares of company stock worth $2,435,384. Corporate insiders own 28.80% of the company’s stock.

Viant Technology Price Performance

Shares of DSP opened at $25.00 on Tuesday. The company has a 50-day simple moving average of $20.24 and a two-hundred day simple moving average of $14.98. The firm has a market capitalization of $1.57 billion, a PE ratio of 416.74 and a beta of 1.01. Viant Technology Inc. has a one year low of $7.77 and a one year high of $25.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DSP. Craig Hallum increased their price target on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Scotiabank began coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. JMP Securities increased their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Finally, Needham & Company LLC lifted their price objective on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.29.

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.