Dynamic Technology Lab Private Ltd Buys 58,251 Shares of Viant Technology Inc. $DSP

Dynamic Technology Lab Private Ltd grew its stake in Viant Technology Inc. (NASDAQ:DSP) by 474.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,533 shares of the company’s stock after purchasing an additional 58,251 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.11% of Viant Technology worth $609,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Viant Technology in the third quarter worth about $137,000. GSA Capital Partners LLP increased its holdings in Viant Technology by 88.6% in the third quarter. GSA Capital Partners LLP now owns 112,741 shares of the company’s stock valued at $973,000 after purchasing an additional 52,974 shares during the period. Principal Financial Group Inc. lifted its holdings in Viant Technology by 149.3% during the 3rd quarter. Principal Financial Group Inc. now owns 47,956 shares of the company’s stock worth $414,000 after buying an additional 28,719 shares during the period. AlphaQuest LLC grew its position in shares of Viant Technology by 371.6% in the 3rd quarter. AlphaQuest LLC now owns 21,883 shares of the company’s stock valued at $189,000 after buying an additional 17,243 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Viant Technology by 17.6% in the third quarter. Federated Hermes Inc. now owns 68,044 shares of the company’s stock valued at $587,000 after buying an additional 10,160 shares during the period. 11.38% of the stock is currently owned by institutional investors.

Insider Transactions at Viant Technology

In other Viant Technology news, CEO Timothy Vanderhook sold 2,574 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $12.87, for a total value of $33,127.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher Vanderhook sold 3,279 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $9.17, for a total value of $30,068.43. Following the sale, the chief operating officer owned 420 shares of the company’s stock, valued at approximately $3,851.40. This represents a 88.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 155,123 shares of company stock valued at $1,729,594. 28.80% of the stock is currently owned by corporate insiders.

Viant Technology Stock Up 3.8%

NASDAQ:DSP opened at $10.50 on Wednesday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $16.25. The company has a fifty day moving average of $10.98 and a 200-day moving average of $10.27. The firm has a market capitalization of $655.52 million, a P/E ratio of 95.46 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DSP shares. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th. B. Riley Financial reaffirmed a “buy” rating and issued a $16.50 price objective (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Citizens Jmp decreased their price objective on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Tuesday, November 11th. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday. Finally, DA Davidson upped their price target on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $18.06.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.