GSA Capital Partners LLP Sells 24,954 Shares of Viant Technology Inc. (NASDAQ:DSP)

GSA Capital Partners LLP cut its position in Viant Technology Inc. (NASDAQ:DSP) by 38.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,463 shares of the company’s stock after selling 24,954 shares during the quarter. GSA Capital Partners LLP’s holdings in Viant Technology were worth $437,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of Viant Technology by 5,286.9% in the second 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 in the last quarter. Quadrature Capital Ltd grew its position in shares of Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after purchasing an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in shares of Viant Technology in the second quarter valued at $1,387,000. Acadian Asset Management LLC grew its position in shares of Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Viant Technology in the second quarter valued at $84,000. 11.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price target on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $15.86.

Viant Technology Trading Down 0.1 %

DSP opened at $18.21 on Thursday. The stock has a 50-day moving average price of $12.14 and a 200-day moving average price of $10.81. Viant Technology Inc. has a 12-month low of $5.58 and a 12-month high of $18.58. The stock has a market capitalization of $1.15 billion, a P/E ratio of 303.50 and a beta of 0.72.

Insider Activity

In other news, CFO Larry Madden sold 22,504 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.03, for a total value of $383,243.12. Following the completion of the sale, the chief financial officer now owns 392,634 shares of the company’s stock, valued at approximately $6,686,557.02. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 100,166 shares of company stock valued at $1,521,311. Insiders own 28.80% of the company’s stock.

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.