Hillsdale Investment Management Inc. Has $378,000 Stock Position in Viant Technology Inc. (NASDAQ:DSP)

Hillsdale Investment Management Inc. lessened its position in shares of Viant Technology Inc. (NASDAQ:DSP) by 18.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,880 shares of the company’s stock after selling 4,620 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Viant Technology were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DSP. Quantbot Technologies LP bought a new stake in Viant Technology in the fourth quarter valued at about $80,000. Harvest Fund Management Co. Ltd acquired a new stake in Viant Technology during the fourth quarter valued at approximately $382,000. Raymond James Financial Inc. bought a new stake in shares of Viant Technology in the 4th quarter valued at approximately $3,022,000. Bank of New York Mellon Corp raised its holdings in shares of Viant Technology by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company’s stock worth $693,000 after buying an additional 3,864 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Viant Technology during the 4th quarter worth approximately $27,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Trading Up 5.4 %

Shares of NASDAQ DSP opened at $13.13 on Tuesday. Viant Technology Inc. has a 1-year low of $7.77 and a 1-year high of $26.33. The company has a 50-day moving average of $19.01 and a two-hundred day moving average of $16.45. The company has a market cap of $828.16 million, a PE ratio of 218.87 and a beta of 1.02.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the stock in a transaction 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 directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DSP has been the topic of a number of analyst reports. Raymond James lowered their price target on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Scotiabank initiated coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock. Canaccord Genuity Group lifted their price target 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. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a research note on Tuesday, March 4th. Finally, JMP Securities lifted their target price on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and a consensus price target 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.