Needham & Company LLC reaffirmed their buy rating on shares of Viant Technology (NASDAQ:DSP – Free Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $21.00 target price on the stock.
DSP has been the subject of several other reports. Craig Hallum lifted their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Scotiabank began coverage on Viant Technology in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group boosted 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. Finally, JMP Securities boosted their price target on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology currently has an average rating of “Buy” and an average price target of $21.13.
Get Our Latest Stock Analysis on Viant Technology
Viant Technology Price Performance
Insiders Place Their Bets
In other news, Director Max O. Valdes sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total transaction of $267,967.84. Following the completion of the sale, the chief financial officer now directly owns 358,624 shares in the company, valued at approximately $6,727,786.24. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,068 shares of company stock valued at $752,039 over the last 90 days. 28.80% of the stock is owned by company insiders.
Institutional Trading of Viant Technology
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Viant Technology by 102.2% during the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after purchasing an additional 48,826 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,803 shares during the period. Barclays PLC increased its holdings in shares of Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after acquiring an additional 16,784 shares during the period. FMR LLC increased its holdings in shares of Viant Technology by 77.9% in 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 period. Finally, State Street Corp increased its holdings in shares of Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.
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.
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