Barclays PLC Buys 16,784 Shares of Viant Technology Inc. (NASDAQ:DSP)

Barclays PLC raised its stake in Viant Technology Inc. (NASDAQ:DSP) by 74.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,255 shares of the company’s stock after purchasing an additional 16,784 shares during the quarter. Barclays PLC owned 0.06% of Viant Technology worth $435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DSP. Allspring Global Investments Holdings LLC bought a new stake in shares of Viant Technology in the second quarter worth about $47,000. FMR LLC lifted its holdings in Viant Technology by 77.9% in the 3rd 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 period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Viant Technology in the 2nd quarter worth approximately $84,000. Victory Capital Management Inc. purchased a new position in shares of Viant Technology during the third quarter valued at approximately $122,000. Finally, Mackenzie Financial Corp bought a new position in shares of Viant Technology during the second quarter valued at approximately $112,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Insider Activity

In related news, CFO Larry Madden sold 2,768 shares of the business’s 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 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 0.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology 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 transaction, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,034 shares of company stock valued at $2,175,409 in the last 90 days. Company insiders own 28.80% of the company’s stock.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $19.37 on Friday. The stock’s 50-day simple moving average is $17.61 and its two-hundred day simple moving average is $13.09. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00. Viant Technology Inc. has a 52-week low of $6.50 and a 52-week high of $21.74.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank initiated coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective on the stock. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities increased their price objective 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 their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Craig Hallum upped their target price on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.75.

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.