39,879 Shares in Viant Technology Inc. $DSP Bought by Nuveen LLC

Nuveen LLC bought a new position in Viant Technology Inc. (NASDAQ:DSP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,879 shares of the company’s stock, valued at approximately $495,000. Nuveen LLC owned 0.06% of Viant Technology at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DSP. Wells Fargo & Company MN increased its position in shares of Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock worth $168,000 after acquiring an additional 3,829 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Viant Technology in the 4th quarter worth approximately $197,000. Bailard Inc. boosted its position in Viant Technology by 18.4% during the 1st quarter. Bailard Inc. now owns 19,972 shares of the company’s stock valued at $248,000 after purchasing an additional 3,100 shares during the period. Huntleigh Advisors Inc. boosted its position in shares of Viant Technology by 16.7% during the first quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company’s stock worth $278,000 after buying an additional 3,216 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Viant Technology by 28.8% during the fourth quarter. Voya Investment Management LLC now owns 15,347 shares of the company’s stock worth $291,000 after buying an additional 3,431 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Price Performance

DSP opened at $10.06 on Friday. Viant Technology Inc. has a one year low of $9.07 and a one year high of $26.33. The company’s 50 day simple moving average is $12.25 and its 200-day simple moving average is $13.59. The stock has a market capitalization of $633.28 million, a P/E ratio of 77.39 and a beta of 1.10.

Wall Street Analysts Forecast Growth

DSP has been the topic of several recent analyst reports. JMP Securities dropped their target price on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. DA Davidson assumed coverage on shares of Viant Technology in a research note on Friday, August 29th. They set a “buy” rating and a $15.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Canaccord Genuity Group decreased their price objective on shares of Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $19.78.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 13,265 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.08, for a total transaction of $173,506.20. Following the sale, the chief financial officer directly owned 436,261 shares of the company’s stock, valued at $5,706,293.88. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy Vanderhook sold 8,960 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.08, for a total transaction of $117,196.80. Following the completion of the transaction, the chief executive officer directly owned 365,076 shares in the company, valued at approximately $4,775,194.08. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.40% of the stock is owned by corporate insiders.

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.