Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells $30,081.66 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 2,814 shares of Viant Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $10.69, for a total value of $30,081.66. Following the transaction, the chief financial officer directly owned 425,822 shares of the company’s stock, valued at approximately $4,552,037.18. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The stock was 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 stock was 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.
• On Monday, June 15th, Larry Madden sold 25,376 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total transaction 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 transaction 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 transaction 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 transaction of $197,531.74.
• On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The stock was sold at an average price of $11.85, for a total transaction of $219,675.30.

Viant Technology Trading Down 0.3%

NASDAQ:DSP opened at $11.42 on Friday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.06. The firm has a 50 day moving average of $11.93 and a 200-day moving average of $11.29. The stock has a market capitalization of $748.35 million, a P/E ratio of 31.72 and a beta of 1.03.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The business had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. As a group, analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Large investors have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. grew its holdings in Viant Technology by 16.4% during 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. Tudor Investment Corp ET AL raised its position in shares of Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after acquiring an additional 54,507 shares during the last quarter. Norwood Investment Partners LP acquired a new position in shares of Viant Technology in the 4th quarter valued at $1,186,000. Royce & Associates LP lifted its stake in shares of Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after purchasing an additional 382,664 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Viant Technology in the 4th quarter worth $873,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DSP. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. B. Riley Financial upped their price target 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. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.