Viant Technology Inc. (NASDAQ:DSP) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its stake in Viant Technology Inc. (NASDAQ:DSP) by 43.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,348 shares of the company’s stock after purchasing an additional 9,864 shares during the period. Ritholtz Wealth Management owned approximately 0.05% of Viant Technology worth $401,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC raised its position in Viant Technology by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 471,200 shares of the company’s stock worth $8,948,000 after acquiring an additional 106,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in Viant Technology by 353.7% in the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock worth $8,323,000 after acquiring an additional 341,684 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Viant Technology in the first quarter worth $3,867,000. Arrowstreet Capital Limited Partnership raised its position in Viant Technology by 189.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company’s stock worth $4,961,000 after acquiring an additional 171,047 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Viant Technology by 182.1% in the fourth quarter. Marshall Wace LLP now owns 219,060 shares of the company’s stock worth $4,160,000 after acquiring an additional 141,403 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Stock Performance

Viant Technology stock opened at $13.07 on Friday. The firm has a market capitalization of $817.79 million, a price-to-earnings ratio of 118.83 and a beta of 1.14. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The stock’s fifty day moving average is $13.84 and its two-hundred day moving average is $16.72.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 13,265 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the sale, the chief financial officer now owns 436,261 shares of the company’s stock, valued at $5,706,293.88. This trade represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy Vanderhook sold 8,960 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the sale, the chief executive officer now directly owns 365,076 shares in the company, valued at approximately $4,775,194.08. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,125 shares of company stock valued at $430,048 over the last quarter. Insiders own 29.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Wednesday, May 7th. Finally, Raymond James Financial lowered their target price on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $21.00.

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.