Viant Technology Inc. (NASDAQ:DSP) Short Interest Update

Viant Technology Inc. (NASDAQ:DSP) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,190,000 shares, a growth of 48.2% from the March 15th total of 802,700 shares. Approximately 8.0% of the shares of the stock are sold short. Based on an average daily volume of 431,400 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

A number of brokerages recently commented on DSP. Raymond James decreased their target price on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. JMP Securities lifted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology presently has an average rating of “Buy” and an average target price of $21.14.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares in the company, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Viant Technology by 102.2% in the 3rd 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 during the period. Geode Capital Management LLC lifted its holdings in Viant Technology by 1.9% in the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after buying an additional 6,803 shares during the period. Barclays PLC lifted its holdings in Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after buying an additional 16,784 shares during the period. Quantbot Technologies LP bought a new stake in Viant Technology during the 4th quarter valued at approximately $80,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Viant Technology during the 4th quarter worth approximately $3,022,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Performance

Shares of DSP stock opened at $12.80 on Friday. The firm has a market cap of $807.35 million, a P/E ratio of 213.37 and a beta of 1.21. The business’s 50 day moving average price is $15.47 and its 200-day moving average price is $16.69. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $26.33.

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.