Two Sigma Investments LP Buys New Shares in Viant Technology Inc. (NASDAQ:DSP)

Two Sigma Investments LP purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,366 shares of the company’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DSP. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology in the fourth quarter worth $27,000. Summit Investment Advisors Inc. boosted its holdings in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Viant Technology during the 4th quarter worth about $80,000. Wells Fargo & Company MN raised its stake in shares of Viant Technology by 76.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock valued at $168,000 after buying an additional 3,829 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Viant Technology in the 4th quarter valued at about $193,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Insider Activity at Viant Technology

In related news, Director Max O. Valdes sold 4,838 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.29, for a total value of $69,135.02. Following the transaction, the director now directly owns 21,591 shares of the company’s stock, valued at approximately $308,535.39. This trade represents a 18.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 29.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on DSP. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd. Finally, Raymond James cut their target price on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $21.00.

Viant Technology Trading Down 2.5%

Shares of DSP opened at $13.12 on Friday. The firm has a market cap of $820.88 million, a P/E ratio of 218.70 and a beta of 1.14. The stock’s 50 day moving average is $13.87 and its two-hundred day moving average is $16.92. Viant Technology Inc. has a 12 month low of $8.70 and a 12 month high of $26.33.

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.