Globeflex Capital L P Invests $1.32 Million in Viant Technology Inc. $DSP

Globeflex Capital L P bought a new position in Viant Technology Inc. (NASDAQ:DSP) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 103,977 shares of the company’s stock, valued at approximately $1,316,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after buying an additional 1,228 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after acquiring an additional 1,855 shares during the period. CWM LLC grew its holdings in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Viant Technology by 620.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after acquiring an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Viant Technology in the fourth quarter worth about $64,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Down 1.7%

Shares of DSP stock opened at $12.24 on Tuesday. The stock has a fifty day moving average of $12.19 and a 200 day moving average of $11.35. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $14.80. The firm has a market capitalization of $813.59 million, a price-to-earnings ratio of 39.48 and a beta of 1.08.

Analysts Set New Price Targets

A number of research firms have weighed in on DSP. UBS Group lifted their target price on Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial increased their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities upped their price objective on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, DA Davidson boosted their target price on Viant Technology from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Viant Technology has an average rating of “Buy” and a consensus price target of $18.33.

Insider Buying and Selling

In related news, CFO Larry Madden sold 27,451 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total transaction of $358,510.06. Following the completion of the transaction, the chief financial officer owned 398,371 shares of the company’s stock, valued at $5,202,725.26. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $10.96, for a total value of $82,200.00. Following the transaction, the insider owned 37,500 shares of the company’s stock, valued at $411,000. The trade was a 16.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,304 shares of company stock valued at $1,980,706 over the last ninety days. Company insiders own 29.43% of the company’s stock.

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.