Larry Madden Sells 14,602 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,602 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $12.10, for a total value of $176,684.20. Following the completion of the sale, the chief financial officer directly owned 342,711 shares of the company’s stock, valued at $4,146,803.10. The trade was a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, September 16th, Larry Madden sold 17,042 shares of Viant Technology stock. The shares were sold at an average price of $12.52, for a total value of $213,365.84.
• On Tuesday, August 11th, Larry Madden sold 27,451 shares of Viant Technology stock. The stock was sold at an average price of $13.06, for a total value of $358,510.06.
• On Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The stock was sold at an average price of $10.69, for a total value of $30,081.66.
• On Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The shares were 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 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.

Viant Technology Stock Up 18.6%

Shares of NASDAQ DSP traded up $1.86 during trading on Friday, reaching $11.88. 2,594,112 shares of the stock were exchanged, compared to its average volume of 290,629. The company has a market capitalization of $789.66 million, a price-to-earnings ratio of 38.32 and a beta of 1.13. The business’s 50-day moving average price is $12.44 and its 200 day moving average price is $11.73. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $14.80.

Analysts Set New Price Targets

DSP has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. DA Davidson increased their price target on Viant Technology from $16.50 to $17.50 and gave the company a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Viant Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Citizens Jmp increased their target price on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.33.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its stake in Viant Technology by 8.8% in the second quarter. Squarepoint Ops LLC now owns 39,568 shares of the company’s stock worth $501,000 after purchasing an additional 3,207 shares in the last quarter. Globeflex Capital L P acquired a new stake in Viant Technology during the second quarter valued at approximately $1,316,000. Bank of New York Mellon Corp acquired a new stake in Viant Technology during the second quarter valued at approximately $609,000. Versant Capital Management Inc lifted its holdings in Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after buying an additional 1,855 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock worth $699,000 after acquiring an additional 28,052 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a demand-side platform (DSP) for planning, buying and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase programmatic advertising across channels, including connected television, mobile, desktop, audio and other digital media.

The company’s platform, Adelphic, is designed to support omnichannel campaign management, audience targeting, media planning, identity resolution and performance measurement.