Viant Technology (NASDAQ:DSP) Shares Gap Down – Should You Sell?

Viant Technology Inc. (NASDAQ:DSP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $20.58, but opened at $20.08. Viant Technology shares last traded at $20.11, with a volume of 88,382 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DSP shares. Canaccord Genuity Group increased their target price on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Scotiabank began coverage on Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. JMP Securities upped their price target on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $17.75.

Viant Technology Stock Down 1.0 %

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 345.17 and a beta of 1.00. The company’s fifty day moving average is $15.52 and its two-hundred day moving average is $12.21.

Insider Activity at Viant Technology

In related news, Director Max O. Valdes sold 7,500 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total transaction of $34,078.20. Following the transaction, the chief financial officer now directly owns 538,434 shares in the company, valued at approximately $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,950 shares of company stock worth $1,953,817 in the last quarter. Company insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after purchasing an additional 1,722 shares during the period. Rhumbline Advisers boosted its holdings in Viant Technology by 5.1% during the second quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock worth $419,000 after buying an additional 2,070 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,915 shares in the last quarter. FMR LLC boosted its position in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Viant Technology during the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company 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.