Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 14,670 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,670 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.10, for a total value of $177,507.00. Following the sale, the chief financial officer owned 484,531 shares in the company, 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 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 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 stock was sold at an average price of $11.85, for a total value 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 value 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 value 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 value 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 value 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 value of $21,603.74.

Viant Technology Trading Down 0.2%

Shares of Viant Technology stock opened at $12.09 on Tuesday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The stock has a market capitalization of $792.26 million, a P/E ratio of 33.58 and a beta of 1.04. The business’s fifty day moving average price is $11.18 and its 200 day moving average price is $11.16.

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

Analysts Set New Price Targets

DSP has been the topic of several research reports. B. Riley Financial raised their price objective on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. DA Davidson raised their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $18.00.

Institutional Trading of Viant Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Viant Technology by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock worth $332,000 after acquiring an additional 2,122 shares during the last quarter. Finally, CWM LLC increased its position in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares during the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.