Harvest Fund Management Co. Ltd Takes Position in Viant Technology Inc. (NASDAQ:DSP)

Harvest Fund Management Co. Ltd acquired a new stake in Viant Technology Inc. (NASDAQ:DSP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,165 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Viant Technology in the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Viant Technology in the fourth quarter valued at about $88,000. FMR LLC increased its holdings in shares of Viant Technology by 77.9% in 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 period. SG Americas Securities LLC acquired a new position in shares of Viant Technology in the fourth quarter valued at about $142,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Viant Technology in the third quarter worth about $122,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DSP shares. Raymond James lowered their target price on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a research note on Tuesday, March 4th. Canaccord Genuity Group upped their target price on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Scotiabank started coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock. Finally, JMP Securities upped their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and a consensus price target of $22.43.

Insider Activity

In other news, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares in the company, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 28.80% of the company’s stock.

Viant Technology Trading Up 2.0 %

Shares of DSP stock opened at $12.46 on Friday. The company has a market capitalization of $785.90 million, a P/E ratio of 207.70 and a beta of 1.02. The business’s 50 day moving average is $19.09 and its two-hundred day moving average is $16.35. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33.

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.