Corton Capital Inc. Makes New $150,000 Investment in Viant Technology Inc. $DSP

Corton Capital Inc. purchased a new stake in Viant Technology Inc. (NASDAQ:DSP) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,364 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC grew its stake in Viant Technology by 287.6% in the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after buying an additional 3,443 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Viant Technology during the second quarter valued at about $75,000. Envestnet Asset Management Inc. acquired a new stake in shares of Viant Technology in the second quarter valued at about $166,000. Voya Investment Management LLC increased its stake in shares of Viant Technology by 24.6% in the first quarter. Voya Investment Management LLC now owns 19,129 shares of the company’s stock worth $237,000 after purchasing an additional 3,782 shares during the period. Finally, Bailard Inc. increased its stake in shares of Viant Technology by 18.4% in the first quarter. Bailard Inc. now owns 19,972 shares of the company’s stock worth $248,000 after purchasing an additional 3,100 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DSP shares. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. Canaccord Genuity Group reduced their price objective on Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. JMP Securities lowered their price objective on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Viant Technology presently has a consensus rating of “Buy” and a consensus price target of $19.25.

Insider Buying and Selling at Viant Technology

In other news, COO Christopher Vanderhook sold 8,782 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $85,448.86. Following the completion of the transaction, the chief operating officer owned 356,284 shares in the company, valued at approximately $3,466,643.32. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Larry Madden sold 13,006 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the transaction, the chief financial officer directly owned 423,255 shares of the company’s stock, valued at $4,118,271.15. The trade was a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.80% of the stock is owned by company insiders.

Viant Technology Trading Down 3.6%

Shares of DSP stock opened at $8.50 on Wednesday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $26.33. The company has a market capitalization of $535.08 million, a P/E ratio of 65.39 and a beta of 1.07. The stock has a 50 day moving average of $9.10 and a two-hundred day moving average of $11.81.

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.