Viant Technology (NASDAQ:DSP) CFO Sells $129,865.12 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 12,782 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $10.16, for a total value of $129,865.12. Following the transaction, the chief financial officer directly owned 553,699 shares of the company’s stock, valued at approximately $5,625,581.84. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The shares were sold at an average price of $10.74, for a total value 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 value of $144,917.53.
• On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The shares were sold at an average price of $11.31, for a total value of $82,529.07.
• On Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The shares were sold at an average price of $13.03, for a total value of $21,603.74.

Viant Technology Stock Down 5.7%

DSP traded down $0.61 on Thursday, reaching $10.17. The company’s stock had a trading volume of 165,381 shares, compared to its average volume of 188,678. The stock has a 50 day moving average of $10.62 and a two-hundred day moving average of $10.62. The company has a market capitalization of $644.27 million, a price-to-earnings ratio of 31.78 and a beta of 0.94. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $16.25.

Key Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Brokerages maintain a bullish stance on DSP with a consensus “Buy” and above?current average price targets, supporting upside expectations and providing a valuation anchor for the stock. Brokerage Consensus Article
• Neutral Sentiment: CEO Timothy Vanderhook executed a pre?arranged Rule 10b5?1 plan and sold multiple tranches (total ~12,500 shares across Apr. 20–22 at prices ~$11.12–$10.74, proceeds ? $137K). Because these were planned trades, they are less informative about management’s near?term view, but they increase share supply. CEO Form 4 Filing
• Negative Sentiment: Major shareholder Capital V LLC sold a material block of shares (total 37,500 shares across Apr. 20–22, proceeds ? $410–$411K), cutting its stake substantially. Even though reported under a Rule 10b5?1 plan, the size and pace of these reductions can be perceived negatively and likely weigh on short?term liquidity and sentiment. Capital V LLC Form 4 Filing

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in Viant Technology by 8.2% in the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after buying an additional 2,122 shares during the last quarter. nVerses Capital LLC purchased a new stake in Viant Technology in the fourth quarter valued at approximately $153,000. Tudor Investment Corp ET AL lifted its stake in Viant Technology by 6.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 203,159 shares of the company’s stock valued at $2,446,000 after buying an additional 11,523 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Viant Technology in the fourth quarter valued at approximately $252,000. Finally, Millennium Management LLC lifted its stake 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 buying an additional 205,160 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DSP. Loop Capital set a $14.50 price target on Viant Technology in a report on Tuesday, March 10th. B. Riley Financial reaffirmed a “buy” rating and issued a $17.00 price target (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Two analysts have 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 MarketBeat.com, the company has an average rating of “Buy” and an average target price of $17.79.

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.