Trexquant Investment LP Buys Shares of 64,768 Viant Technology Inc. (NASDAQ:DSP)

Trexquant Investment LP bought a new stake in shares of Viant Technology Inc. (NASDAQ:DSP) in the 4th quarter, Holdings Channel reports. The firm bought 64,768 shares of the company’s stock, valued at approximately $1,230,000.

A number of other large investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in shares of Viant Technology by 26.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 43,601 shares of the company’s stock valued at $828,000 after purchasing an additional 9,200 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viant Technology by 189.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company’s stock valued at $4,961,000 after purchasing an additional 171,047 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Viant Technology by 353.7% in the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock valued at $8,323,000 after purchasing an additional 341,684 shares during the period. LPL Financial LLC boosted its holdings in shares of Viant Technology by 63.2% in the fourth quarter. LPL Financial LLC now owns 21,834 shares of the company’s stock valued at $415,000 after purchasing an additional 8,453 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Viant Technology in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Down 6.4 %

Shares of DSP stock opened at $13.26 on Friday. The business’s fifty day simple moving average is $16.80 and its 200-day simple moving average is $16.61. The company has a market cap of $836.36 million, a PE ratio of 221.04 and a beta of 1.21. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 28.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DSP. Raymond James lowered their target price on Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. 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 report on Monday, January 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.43.

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.