Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 27,451 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 27,451 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $13.06, for a total transaction of $358,510.06. Following the completion of the transaction, the chief financial officer directly owned 398,371 shares in the company, valued at $5,202,725.26. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The shares were sold at an average price of $10.69, for a total transaction of $30,081.66.
• 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 stock was sold at an average price of $12.86, for a total transaction 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 transaction of $129,039.66.
• 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 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.

Viant Technology Stock Up 4.0%

DSP opened at $12.98 on Friday. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $14.80. The business has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $11.33. The firm has a market cap of $862.78 million, a P/E ratio of 41.87 and a beta of 1.08.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a net margin of 2.24% and a return on equity of 4.38%. The firm had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Sell-side analysts expect that Viant Technology Inc. will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. boosted its stake in shares of Viant Technology by 16.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after buying an additional 190,248 shares during the period. Royce & Associates LP increased its stake in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the period. Renaissance Technologies LLC increased its stake in shares of Viant Technology by 2.6% during the fourth quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock worth $5,945,000 after buying an additional 12,683 shares during the period. Millennium Management LLC raised its holdings in Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after acquiring an additional 22,857 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DSP shares. UBS Group boosted their price target on shares of Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Citizens Jmp increased their target price on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Rosenblatt Securities increased their target price on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Viant Technology has an average rating of “Buy” and a consensus target price of $18.33.

Viant Technology Company Profile

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.