GSA Capital Partners LLP Sells 24,954 Shares of Viant Technology Inc. (NASDAQ:DSP)

GSA Capital Partners LLP reduced its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 38.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,463 shares of the company’s stock after selling 24,954 shares during the quarter. GSA Capital Partners LLP owned approximately 0.06% of Viant Technology worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares during the period. Quadrature Capital Ltd raised its holdings in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after acquiring an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Viant Technology in the 2nd quarter valued at $1,387,000. Acadian Asset Management LLC raised its holdings in Viant Technology by 659.4% in the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after acquiring an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth $84,000. 11.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DSP shares. JMP Securities boosted their price target on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum upped their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC upped their target price on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.86.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 2,768 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the sale, the chief financial officer now directly owns 529,848 shares of the company’s stock, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 100,166 shares of company stock valued at $1,521,311 over the last ninety days. 28.80% of the stock is currently owned by insiders.

Viant Technology Stock Performance

DSP stock opened at $18.21 on Thursday. The stock’s 50 day simple moving average is $12.14 and its 200 day simple moving average is $10.81. Viant Technology Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $18.58. The company has a market cap of $1.15 billion, a P/E ratio of 303.50 and a beta of 0.72.

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.