Viant Technology Inc. (NASDAQ:DSP) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its position in Viant Technology Inc. (NASDAQ:DSP) by 55.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,946 shares of the company’s stock after purchasing an additional 7,437 shares during the quarter. XTX Topco Ltd’s holdings in Viant Technology were worth $207,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. raised its position in shares of Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Viant Technology by 39.0% during the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after buying an additional 20,668 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Viant Technology by 659.4% in the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after acquiring an additional 123,635 shares during the period. ClariVest Asset Management LLC purchased a new position in Viant Technology in the 2nd quarter worth $1,387,000. Finally, GSA Capital Partners LLP lifted its position in Viant Technology by 4.4% during the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after acquiring an additional 1,699 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Stock Up 1.0 %

Shares of DSP stock opened at $11.01 on Monday. Viant Technology Inc. has a 52-week low of $4.98 and a 52-week high of $12.36. The stock has a market cap of $699.08 million, a PE ratio of -91.75 and a beta of 0.74. The business has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $10.02.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $41.56 million during the quarter, compared to analysts’ expectations of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. Sell-side analysts anticipate that Viant Technology Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DSP has been the topic of a number of research reports. Canaccord Genuity Group reissued a “hold” rating and issued a $11.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.80.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the transaction, the chief financial officer now owns 538,434 shares in the company, valued at $5,949,695.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 28.80% of the stock is currently owned by insiders.

Viant Technology Company 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.