Viant Technology (NASDAQ:DSP) CFO Sells $129,039.66 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 10,097 shares of Viant Technology stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $12.78, for a total value of $129,039.66. Following the sale, the chief financial officer owned 449,058 shares in the company, valued at $5,738,961.24. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larry Madden also recently made the following trade(s):

• On Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The stock was sold at an average price of $12.69, for a total value of $143,054.37.
• On Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The stock was sold at an average price of $12.86, for a total value of $117,656.14.
• On Monday, June 15th, Larry Madden sold 25,376 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total value of $281,673.60.
• On Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The shares were sold at an average price of $12.10, for a total transaction of $177,507.00.
• On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The stock was sold at an average price of $12.24, for a total transaction of $228,435.12.
• On Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total transaction of $197,531.74.
• On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The stock was sold at an average price of $11.85, for a total transaction of $219,675.30.
• On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The shares were sold at an average price of $10.16, for a total transaction of $129,865.12.
• On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The stock was sold at an average price of $10.74, for a total transaction of $142,444.62.
• On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The shares were sold at an average price of $10.91, for a total transaction of $144,917.53.

Viant Technology Stock Performance

Shares of DSP traded up $0.05 during mid-day trading on Wednesday, reaching $12.73. The company had a trading volume of 164,301 shares, compared to its average volume of 288,888. The company has a market capitalization of $834.20 million, a price-to-earnings ratio of 35.36 and a beta of 1.03. The firm has a 50-day moving average price of $11.59 and a 200 day moving average price of $11.28. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, research analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Viant Technology

A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares during the last quarter. CWM LLC boosted its holdings in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Viant Technology by 202.3% in the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after purchasing an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Viant Technology by 620.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Viant Technology in the 4th quarter worth approximately $64,000. 11.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DSP shares. DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. B. Riley Financial upped their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.00.

About Viant Technology

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.