Dimensional Fund Advisors LP Raises Stock Position in Viant Technology Inc. (NASDAQ:DSP)

Dimensional Fund Advisors LP increased its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,233 shares of the company’s stock after purchasing an additional 6,064 shares during the period. Dimensional Fund Advisors LP owned approximately 0.28% of Viant Technology worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DSP. ClariVest Asset Management LLC purchased a new position in shares of Viant Technology during the second quarter worth $1,387,000. Acadian Asset Management LLC increased its holdings in Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after buying an additional 123,635 shares in the last quarter. Federated Hermes Inc. increased its holdings in Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after buying an additional 66,509 shares in the last quarter. Heron Bay Capital Management purchased a new position in Viant Technology in the first quarter valued at $243,000. Finally, Quadrature Capital Ltd increased its holdings in Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after buying an additional 20,668 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 2,768 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the transaction, the chief financial officer now directly owns 529,848 shares in the company, valued at approximately $5,950,193.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 8,921 shares of company stock valued at $99,315 over the last 90 days. Corporate insiders own 28.80% of the company’s stock.

Viant Technology Stock Up 1.1 %

DSP stock opened at $11.25 on Friday. The stock has a market capitalization of $711 million, a P/E ratio of -225.00 and a beta of 0.74. The firm has a 50-day simple moving average of $10.61 and a 200-day simple moving average of $10.08. Viant Technology Inc. has a 52 week low of $4.98 and a 52 week high of $12.36.

Viant Technology (NASDAQ:DSP) last released its earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $41.56 million for the quarter, compared to analysts’ expectations 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, analysts expect that Viant Technology Inc. will post -0.37 earnings per share for the current 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.