Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes Sells 5,062 Shares

Viant Technology Inc. (NASDAQ:DSP) Director Max O. Valdes sold 5,062 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $13.87, for a total value of $70,209.94. Following the sale, the director now owns 26,429 shares of the company’s stock, valued at approximately $366,570.23. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $14.17 on Tuesday. The business has a 50-day simple moving average of $13.82 and a 200 day simple moving average of $17.00. Viant Technology Inc. has a one year low of $8.70 and a one year high of $26.33. The firm has a market capitalization of $886.57 million, a price-to-earnings ratio of 236.21 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DSP. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research note on Wednesday, April 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Wednesday, May 7th. Finally, Raymond James cut their price target 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Viant Technology by 30.8% during the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company’s stock worth $323,000 after purchasing an additional 4,012 shares during the period. Quantbot Technologies LP bought a new stake in Viant Technology during the 4th quarter valued at $80,000. BNP Paribas Financial Markets acquired a new position in Viant Technology during the fourth quarter worth $484,000. Northern Trust Corp raised its holdings in Viant Technology by 11.2% during the fourth quarter. Northern Trust Corp now owns 158,512 shares of the company’s stock worth $3,010,000 after buying an additional 15,996 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Viant Technology in the fourth quarter valued at $3,022,000. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.