Two Sigma Investments LP Makes New Investment in Viant Technology Inc. (NASDAQ:DSP)

Two Sigma Investments LP acquired a new stake in shares of Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,366 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in Viant Technology by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock valued at $1,111,000 after buying an additional 465 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Viant Technology in the fourth quarter valued at $27,000. Voya Investment Management LLC increased its position in Viant Technology by 28.8% in the fourth quarter. Voya Investment Management LLC now owns 15,347 shares of the company’s stock worth $291,000 after purchasing an additional 3,431 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock valued at $168,000 after purchasing an additional 3,829 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DSP shares. Raymond James dropped their price objective on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Wednesday, May 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $21.00.

Insider Transactions at Viant Technology

In related news, Director Max O. Valdes sold 4,838 shares of Viant Technology stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.29, for a total transaction of $69,135.02. Following the completion of the sale, the director now owns 21,591 shares in the company, valued at $308,535.39. This trade represents a 18.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 29.40% of the company’s stock.

Viant Technology Price Performance

Viant Technology stock opened at $13.12 on Friday. The firm has a market capitalization of $820.88 million, a P/E ratio of 218.70 and a beta of 1.14. Viant Technology Inc. has a 1-year low of $8.70 and a 1-year high of $26.33. The company’s 50-day moving average is $13.87 and its 200 day moving average is $16.92.

Viant Technology 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.