Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells $197,531.74 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 17,297 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $11.42, for a total value of $197,531.74. Following the completion of the sale, the chief financial officer directly owned 517,864 shares in the company, valued at approximately $5,914,006.88. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, 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 Stock Down 0.4%

DSP stock opened at $10.44 on Friday. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $16.25. The firm has a market cap of $661.41 million, a PE ratio of 29.00 and a beta of 1.00. The business has a 50 day moving average of $10.99 and a 200 day moving average of $10.86.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data 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 company had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. On average, research analysts expect that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, DA Davidson raised their price target on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of DSP. Farther Finance Advisors LLC purchased a new position in shares of Viant Technology in the 3rd quarter worth $31,000. Russell Investments Group Ltd. boosted its stake in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after buying an additional 1,228 shares during the last quarter. CWM LLC boosted its stake in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after buying an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the fourth quarter valued at $64,000. 11.38% of the stock is currently 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.