Geode Capital Management LLC Increases Stock Position in Viant Technology Inc. (NASDAQ:DSP)

Geode Capital Management LLC raised its stake in shares of Viant Technology Inc. (NASDAQ:DSP) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,339 shares of the company’s stock after acquiring an additional 6,803 shares during the period. Geode Capital Management LLC owned approximately 0.58% of Viant Technology worth $4,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology during the second quarter worth $47,000. FMR LLC boosted its stake in shares of Viant Technology by 77.9% in 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 period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology in the second quarter valued at approximately $84,000. Mackenzie Financial Corp acquired a new position in shares of Viant Technology in the second quarter valued at approximately $112,000. Finally, Victory Capital Management Inc. acquired a new stake in Viant Technology during the 3rd quarter worth approximately $122,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group upped their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Scotiabank began coverage on shares of Viant Technology in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective on the stock. JMP Securities lifted their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum raised their price target on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $17.75.

Viant Technology Stock Performance

Shares of DSP stock opened at $19.37 on Monday. The stock’s 50-day moving average is $17.61 and its two-hundred day moving average is $13.14. Viant Technology Inc. has a 1 year low of $6.50 and a 1 year high of $21.74. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00.

Insider Buying and Selling

In other news, Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total value of $153,825.00. Following the transaction, the director now owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Larry Madden sold 14,284 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the sale, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at approximately $6,727,786.24. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,034 shares of company stock worth $2,175,409 in the last quarter. 28.80% of the stock is owned by insiders.

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.