Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 11,273 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 11,273 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $12.69, for a total value of $143,054.37. Following the completion of the sale, the chief financial officer owned 428,636 shares of the company’s stock, valued at $5,439,390.84. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 value of $117,656.14.
• On Monday, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The stock was 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 stock was 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 shares were sold at an average price of $12.10, for a total value of $177,507.00.
• 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 value 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 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 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 stock was sold at an average price of $10.91, for a total transaction of $144,917.53.

Viant Technology Trading Up 0.4%

Viant Technology stock opened at $12.73 on Thursday. The company has a 50-day moving average price of $11.63 and a 200 day moving average price of $11.28. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The stock has a market cap of $834.20 million, a P/E ratio of 35.36 and a beta of 1.03.

Viant Technology (NASDAQ:DSP) last posted its earnings results 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 firm had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current year.

Institutional Trading of Viant Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC acquired a new position in Viant Technology during the third quarter worth $2,150,000. Tudor Investment Corp ET AL grew its stake in shares of Viant Technology by 39.7% in the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after buying an additional 54,507 shares in the last quarter. Norwood Investment Partners LP acquired a new stake in shares of Viant Technology in the fourth quarter valued at $1,186,000. Dynamic Technology Lab Private Ltd raised its holdings in shares of Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after buying an additional 58,251 shares during the period. Finally, Royce & Associates LP lifted its stake in Viant Technology by 72.3% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. B. Riley Financial raised their target price on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. DA Davidson upped their price target on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two equities 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. According to MarketBeat, the stock currently has an average 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.