Thompson Siegel & Walmsley LLC Trims Position in Viant Technology Inc. (NASDAQ:DSP)

Thompson Siegel & Walmsley LLC lowered its stake in shares of Viant Technology Inc. (NASDAQ:DSP) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,816 shares of the company’s stock after selling 15,992 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.11% of Viant Technology worth $740,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DSP. ClariVest Asset Management LLC purchased a new position in Viant Technology during the 2nd quarter worth $1,387,000. Acadian Asset Management LLC lifted its position in Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares during the period. Federated Hermes Inc. boosted its holdings in Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares in the last quarter. AQR Capital Management LLC acquired a new position in Viant Technology during the 2nd quarter worth approximately $236,000. Finally, Squarepoint Ops LLC raised its stake in shares of Viant Technology by 42.8% during the 2nd quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after buying an additional 21,888 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Insider Buying and Selling

In related news, CFO Larry Madden sold 2,768 shares of Viant Technology stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 100,166 shares of company stock worth $1,521,311 in the last ninety days. Insiders own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DSP shares. Needham & Company LLC lifted their price target on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum increased their target price on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, JMP Securities boosted their price target on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $15.86.

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $18.72 on Friday. The firm’s 50-day moving average is $12.47 and its two-hundred day moving average is $10.93. The company has a market capitalization of $1.18 billion, a PE ratio of 312.05 and a beta of 0.72. Viant Technology Inc. has a 12-month low of $5.58 and a 12-month high of $19.40.

Viant Technology 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.