Larry Madden Sells 18,663 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 18,663 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $12.24, for a total value of $228,435.12. Following the transaction, the chief financial officer directly owned 499,201 shares in the company, valued at approximately $6,110,220.24. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The shares were sold at an average price of $12.10, for a total value of $177,507.00.
• 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 value 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.
• On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The shares were sold at an average price of $10.16, for a total value of $129,865.12.
• 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 1.7%

Shares of Viant Technology stock opened at $11.88 on Wednesday. The stock’s fifty day moving average is $11.20 and its two-hundred day moving average is $11.17. The company has a market capitalization of $778.50 million, a PE ratio of 33.00 and a beta of 1.04. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS 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 the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, research analysts anticipate that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently made changes to their positions in DSP. Royal Bank of Canada lifted its holdings in shares of Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after buying an additional 20,779 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Viant Technology by 303.6% in the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock worth $587,000 after buying an additional 35,578 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Viant Technology by 77.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after buying an additional 59,323 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Viant Technology in the 2nd quarter worth $166,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after buying an additional 22,857 shares during the period. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DSP. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research report on Thursday, April 16th. DA Davidson upped their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Viant Technology currently 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.