Royce & Associates LP Sells 198,980 Shares of Viant Technology Inc. (NASDAQ:DSP)

Royce & Associates LP trimmed its position in shares of Viant Technology Inc. (NASDAQ:DSP) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 724,100 shares of the company’s stock after selling 198,980 shares during the period. Royce & Associates LP owned 1.15% of Viant Technology worth $13,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Viant Technology during the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Viant Technology during the fourth quarter worth $88,000. FMR LLC increased its holdings in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Viant Technology in the fourth quarter valued at $142,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Viant Technology in the third quarter valued at $122,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the sale, the chief financial officer now owns 344,340 shares of the company’s stock, valued at $7,961,140.80. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 28.80% of the stock is currently owned by corporate insiders.

Viant Technology Stock Performance

DSP stock opened at $12.13 on Tuesday. The company’s 50-day simple moving average is $19.56 and its 200 day simple moving average is $16.39. Viant Technology Inc. has a 52 week low of $7.77 and a 52 week high of $26.33. The company has a market capitalization of $765.09 million, a PE ratio of 202.20 and a beta of 1.02.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James decreased their price objective on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Canaccord Genuity Group upped their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities upped their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a report on Tuesday, March 4th. Finally, Scotiabank assumed coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology currently has an average rating of “Buy” and a consensus target price of $22.43.

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.