Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells $176,684.20 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,602 shares of Viant Technology stock in a transaction on Friday, September 18th. The stock was sold at an average price of $12.10, for a total transaction of $176,684.20. Following the completion of the transaction, the chief financial officer directly owned 342,711 shares of the company’s stock, valued at approximately $4,146,803.10. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, September 16th, Larry Madden sold 17,042 shares of Viant Technology stock. The stock was sold at an average price of $12.52, for a total transaction of $213,365.84.
• On Tuesday, August 11th, Larry Madden sold 27,451 shares of Viant Technology stock. The stock was sold at an average price of $13.06, for a total transaction of $358,510.06.
• On Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The shares were sold at an average price of $10.69, for a total transaction of $30,081.66.
• 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 shares were 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 stock was sold at an average price of $12.78, for a total transaction of $129,039.66.

Viant Technology Trading Up 18.6%

NASDAQ DSP traded up $1.86 during trading hours on Friday, reaching $11.88. The company’s stock had a trading volume of 2,594,112 shares, compared to its average volume of 290,629. The business has a 50-day simple moving average of $12.44 and a 200 day simple moving average of $11.73. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $14.80. The stock has a market cap of $789.66 million, a PE ratio of 38.32 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DSP. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a report on Tuesday, August 11th. Citizens Jmp boosted their price objective on Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Viant Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. DA Davidson lifted their target price on Viant Technology from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Rosenblatt Securities boosted their price target on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and a consensus target price of $18.33.

Institutional Trading of Viant Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. lifted its stake in shares of Viant Technology by 16.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after acquiring an additional 190,248 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 valued at $10,981,000 after acquiring an additional 382,664 shares during the period. Globeflex Capital L P bought a new stake in Viant Technology during the second quarter worth approximately $1,316,000. Norwood Investment Partners LP bought a new stake in Viant Technology during the fourth quarter worth approximately $1,186,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Viant Technology during the fourth quarter worth approximately $873,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a demand-side platform (DSP) for planning, buying and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase programmatic advertising across channels, including connected television, mobile, desktop, audio and other digital media.

The company’s platform, Adelphic, is designed to support omnichannel campaign management, audience targeting, media planning, identity resolution and performance measurement.