JPMorgan Chase & Co. Purchases 48,826 Shares of Viant Technology Inc. (NASDAQ:DSP)

JPMorgan Chase & Co. boosted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 102.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,596 shares of the company’s stock after buying an additional 48,826 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Viant Technology worth $1,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Viant Technology in the second quarter valued at approximately $112,000. Victory Capital Management Inc. bought a new stake in Viant Technology during the third quarter valued at approximately $122,000. Algert Global LLC purchased a new position in Viant Technology in the 2nd quarter worth approximately $128,000. Finally, XTX Topco Ltd increased its holdings in shares of Viant Technology by 55.1% in the 2nd quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock worth $207,000 after buying an additional 7,437 shares during the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Price Performance

DSP opened at $20.52 on Friday. The stock’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $14.04. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 342.06 and a beta of 0.98. Viant Technology Inc. has a 1 year low of $7.77 and a 1 year high of $21.74.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 67,243 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the completion of the transaction, the chief financial officer now owns 461,107 shares of the company’s stock, valued at $7,004,215.33. This represents a 12.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the 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 completion of the sale, the director now owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,313 shares of company stock valued at $2,122,470. 28.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC increased their price objective on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, January 17th. JMP Securities boosted their target price on 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, Scotiabank initiated coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price for the company. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $19.29.

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.