Dynamic Technology Lab Private Ltd Sells 97,562 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Dynamic Technology Lab Private Ltd decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 63.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 55,706 shares of the company’s stock after selling 97,562 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in DoubleVerify were worth $1,070,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock worth $335,816,000 after acquiring an additional 143,773 shares in the last quarter. Geneva Capital Management LLC boosted its stake in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares during the period. Geode Capital Management LLC grew its holdings in DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after buying an additional 10,696 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after buying an additional 94,095 shares during the period. Finally, Norges Bank purchased a new stake in shares of DoubleVerify in the fourth quarter worth about $33,957,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

DV has been the topic of a number of analyst reports. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Cannonball Research downgraded DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Robert W. Baird restated a “neutral” rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of DoubleVerify in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Stock Down 1.5 %

NYSE:DV opened at $12.45 on Friday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52 week low of $12.02 and a 52 week high of $33.60. The company has a fifty day moving average of $17.86 and a 200 day moving average of $18.49.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.