Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 25,376 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 25,376 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $281,673.60. Following the completion of the transaction, the chief financial officer owned 459,155 shares of the company’s stock, valued at approximately $5,096,620.50. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Larry Madden also recently made the following trade(s):

• On Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The stock was 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.
• On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The stock was sold at an average price of $10.16, for a total transaction of $129,865.12.
• On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The stock was sold at an average price of $10.74, for a total transaction of $142,444.62.
• On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The stock was sold at an average price of $10.91, for a total transaction of $144,917.53.
• On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The stock was sold at an average price of $11.31, for a total transaction of $82,529.07.

Viant Technology Stock Performance

DSP stock opened at $11.11 on Tuesday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The company’s fifty day moving average price is $11.22 and its 200-day moving average price is $11.21. The company has a market capitalization of $728.04 million, a PE ratio of 30.86 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

DSP has been the topic of a number of recent research reports. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research note on Tuesday, March 10th. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC bought a new position in shares of Viant Technology in the third quarter worth about $2,150,000. Tudor Investment Corp ET AL grew its holdings in shares of Viant Technology by 39.7% in the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after purchasing an additional 54,507 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Viant Technology by 474.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after purchasing an additional 58,251 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Viant Technology by 72.3% in the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Viant Technology in the fourth quarter worth about $873,000. 11.38% of the stock is currently owned by institutional investors.

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.