Barclays PLC Raises Stock Holdings in Viant Technology Inc. (NASDAQ:DSP)

Barclays PLC boosted its stake in shares of Viant Technology Inc. (NASDAQ:DSP) by 74.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,255 shares of the company’s stock after purchasing an additional 16,784 shares during the quarter. Barclays PLC owned about 0.06% of Viant Technology worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DSP. Federated Hermes Inc. increased its position in Viant Technology by 5,286.9% during the 2nd 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. AQR Capital Management LLC acquired a new position in shares of Viant Technology during the second quarter valued at about $236,000. Martingale Asset Management L P acquired a new stake in Viant Technology in the 3rd quarter worth approximately $254,000. Squarepoint Ops LLC grew its position in Viant Technology by 42.8% during the 2nd quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after purchasing an additional 21,888 shares during the last quarter. Finally, Summit Global Investments increased its stake in Viant Technology by 145.9% during the 3rd quarter. Summit Global Investments now owns 27,736 shares of the company’s stock valued at $307,000 after purchasing an additional 16,457 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Insider Activity

In other Viant Technology news, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction on Friday, December 6th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Larry Madden sold 67,243 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $7,004,215.33. This represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,313 shares of company stock valued at $2,122,470 in the last quarter. Insiders own 28.80% of the company’s stock.

Viant Technology Stock Performance

DSP opened at $19.17 on Friday. The stock has a market capitalization of $1.20 billion, a PE ratio of 319.55 and a beta of 0.98. Viant Technology Inc. has a one year low of $6.50 and a one year high of $21.74. The business’s 50 day moving average price is $18.82 and its 200 day moving average price is $13.69.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DSP shares. Scotiabank initiated coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective on the stock. JMP Securities raised their price target 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. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum raised their target price 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. Finally, Canaccord Genuity Group upped their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $18.13.

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.