Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 20,711 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 20,711 shares of Viant Technology stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total transaction of $272,142.54. Following the transaction, the chief financial officer directly owned 322,000 shares in the company, valued at $4,231,080. This represents a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, September 18th, Larry Madden sold 14,602 shares of Viant Technology stock. The stock was sold at an average price of $12.10, for a total transaction of $176,684.20.
• 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.

Viant Technology Price Performance

Shares of DSP stock traded down $0.61 on Wednesday, hitting $12.62. 326,461 shares of the stock traded hands, compared to its average volume of 697,481. The firm has a market cap of $838.85 million, a price-to-earnings ratio of 101.77 and a beta of 1.11. Viant Technology Inc. has a 52 week low of $8.16 and a 52 week high of $14.80. The firm has a 50 day simple moving average of $12.68 and a two-hundred day simple moving average of $11.91.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DSP. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. UBS Group boosted their price objective on Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. DA Davidson raised Viant Technology to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Rosenblatt Securities increased their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average target price of $18.33.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 16.4% during the first 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 last quarter. Globeflex Capital L P purchased a new position in Viant Technology during the second quarter valued at $1,316,000. Norwood Investment Partners LP bought a new stake in Viant Technology in the 4th quarter valued at $1,186,000. Quantinno Capital Management LP increased its holdings in Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after acquiring an additional 28,052 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Viant Technology in the 2nd quarter worth $609,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

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

The company’s technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.