Larry Madden Sells 2,814 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 2,814 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $10.69, for a total transaction of $30,081.66. Following the sale, the chief financial officer directly owned 425,822 shares of the company’s stock, valued at approximately $4,552,037.18. This represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $143,054.37.
• On Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The shares were sold at an average price of $12.86, for a total value of $117,656.14.
• On Monday, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The shares were sold at an average price of $12.78, for a total value of $129,039.66.
• On Monday, June 15th, Larry Madden sold 25,376 shares of Viant Technology stock. The stock was 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 stock was sold at an average price of $12.10, for a total value 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 value 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 value 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 value of $219,675.30.

Viant Technology Stock Performance

DSP stock opened at $11.46 on Thursday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.06. The stock has a market capitalization of $750.97 million, a price-to-earnings ratio of 31.83 and a beta of 1.03. The stock’s fifty day moving average is $11.92 and its two-hundred day moving average is $11.29.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Viant Technology

Several large investors have recently modified their holdings of DSP. Russell Investments Group Ltd. raised its position 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 worth $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC boosted its position in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the period. Versant Capital Management Inc increased its stake in Viant Technology by 202.3% in the 2nd 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 in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Viant Technology by 620.7% in the 4th 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 in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Viant Technology during the 4th quarter worth about $64,000. 11.38% of the stock is owned by institutional investors.

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.