New York State Common Retirement Fund Sells 57,849 Shares of Viant Technology Inc. $DSP

New York State Common Retirement Fund cut its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 92.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,728 shares of the company’s stock after selling 57,849 shares during the quarter. New York State Common Retirement Fund’s holdings in Viant Technology were worth $41,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Federated Hermes Inc. increased its position in shares of Viant Technology by 17.6% in the third quarter. Federated Hermes Inc. now owns 68,044 shares of the company’s stock valued at $587,000 after acquiring an additional 10,160 shares during the last quarter. Strs Ohio grew its stake in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of Viant Technology by 19.9% during the 3rd quarter. Moran Wealth Management LLC now owns 41,205 shares of the company’s stock worth $356,000 after purchasing an additional 6,849 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology during the 3rd quarter worth approximately $31,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Viant Technology by 7.5% in the 2nd quarter. Osaic Holdings Inc. now owns 94,938 shares of the company’s stock valued at $1,256,000 after buying an additional 6,648 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Stock Performance

Shares of DSP stock opened at $9.56 on Friday. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $23.62. The company has a market capitalization of $596.83 million, a price-to-earnings ratio of 86.92 and a beta of 1.03. The company has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $10.50.

Insider Transactions at Viant Technology

In other news, major shareholder Capital V. Llc sold 7,722 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $12.87, for a total value of $99,382.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Christopher Vanderhook sold 2,500 shares of Viant Technology stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $11.79, for a total value of $29,475.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 106,803 shares of company stock worth $1,284,653. Insiders own 29.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson boosted their price objective on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citizens Jmp dropped their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 11th. B. Riley Financial reiterated a “buy” rating and set a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.

Viant Technology Company Profile

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.