Viant Technology (NASDAQ:DSP) CFO Sells $177,507.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,670 shares of Viant Technology stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.10, for a total transaction of $177,507.00. Following the completion of the sale, the chief financial officer owned 484,531 shares of the company’s stock, valued at $5,862,825.10. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a legal filing 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 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 transaction 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 transaction 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 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 Trading Down 2.5%

Viant Technology stock opened at $11.58 on Thursday. The stock has a market cap of $758.84 million, a P/E ratio of 32.17 and a beta of 1.04. The company has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $11.19. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18.

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 firm had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. As a group, sell-side analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC acquired a new position in shares of Viant Technology during the third quarter worth about $2,150,000. Tudor Investment Corp ET AL increased its stake in shares of Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after acquiring an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Viant Technology by 474.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after acquiring an additional 58,251 shares during the period. Royce & Associates LP increased its stake in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Viant Technology during the fourth quarter worth about $873,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DSP. B. Riley Financial lifted their price objective on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. DA Davidson boosted their price target 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. 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. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. Two 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’s stock. According to data from MarketBeat.com, Viant Technology has an average rating of “Buy” and a consensus target price of $18.00.

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.