Sherbrooke Park Advisers LLC Sells 837 Shares of Viant Technology Inc. (NASDAQ:DSP)

Sherbrooke Park Advisers LLC lessened its holdings in Viant Technology Inc. (NASDAQ:DSP) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,863 shares of the company’s stock after selling 837 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Viant Technology were worth $320,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DSP. JPMorgan Chase & Co. grew its position in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock valued at $8,323,000 after acquiring an additional 341,684 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Viant Technology by 189.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company’s stock valued at $4,961,000 after acquiring an additional 171,047 shares during the last quarter. Raymond James Financial Inc. bought a new position in Viant Technology in the 4th quarter valued at $3,022,000. Millennium Management LLC grew its position in shares of Viant Technology by 784.8% during the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company’s stock worth $3,247,000 after buying an additional 151,662 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Viant Technology by 182.1% during the 4th quarter. Marshall Wace LLP now owns 219,060 shares of the company’s stock worth $4,160,000 after buying an additional 141,403 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $15.39 on Monday. The stock has a market capitalization of $970.71 million, a P/E ratio of 256.54 and a beta of 1.19. Viant Technology Inc. has a 1-year low of $8.70 and a 1-year high of $26.33. The business has a fifty day moving average price of $13.37 and a 200 day moving average price of $17.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James dropped their price target on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Wednesday, May 7th. Finally, JMP Securities increased their price target on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.00.

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.