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

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 2,814 shares of Viant Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $10.69, for a total transaction of $30,081.66. Following the completion of the transaction, the chief financial officer directly owned 425,822 shares in the company, valued at approximately $4,552,037.18. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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, 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 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 value 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 transaction of $177,507.00.
• On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The shares were 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 shares were 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 shares were sold at an average price of $11.85, for a total value of $219,675.30.

Viant Technology Stock Performance

NASDAQ:DSP traded up $0.01 during mid-day trading on Tuesday, hitting $11.31. 105,936 shares of the stock were exchanged, compared to its average volume of 237,077. The firm’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $11.29. The stock has a market capitalization of $741.19 million, a price-to-earnings ratio of 31.42 and a beta of 1.03. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.06.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business 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%. On average, analysts predict that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DSP. B. Riley Financial raised their price objective on Viant Technology from $17.00 to $18.00 and gave the company 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. DA Davidson raised their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Viant Technology by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after buying an additional 1,056 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after purchasing an additional 1,109 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Viant Technology by 202.3% during the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after buying an additional 1,855 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of 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 buying an additional 2,122 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.