Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells 14,670 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,670 shares of Viant Technology stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.10, for a total transaction of $177,507.00. Following the transaction, the chief financial officer directly owned 484,531 shares of the company’s stock, valued at approximately $5,862,825.10. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 stock was 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.
• 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 transaction 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 transaction of $21,603.74.

Viant Technology Stock Performance

Viant Technology stock traded down $0.02 during trading hours on Monday, hitting $12.09. The company had a trading volume of 204,199 shares, compared to its average volume of 306,778. The firm has a market cap of $792.26 million, a P/E ratio of 33.58 and a beta of 1.04. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The company has a 50-day moving average price of $11.18 and a two-hundred day moving average price of $11.16.

Viant Technology (NASDAQ:DSP) last released 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). The company had revenue of $88.54 million during 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, equities research analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its position in Viant Technology by 81.6% during the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after acquiring an additional 28,052 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after acquiring an additional 190,248 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Viant Technology during the first quarter valued at approximately $97,000. Hillsdale Investment Management Inc. purchased a new stake in Viant Technology during the first quarter valued at approximately $320,000. Finally, Hsbc Holdings PLC lifted its position in Viant Technology by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after acquiring an additional 2,122 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DSP. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. DA Davidson boosted their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viant Technology has a consensus rating of “Buy” and a consensus target price 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.