Viant Technology (NASDAQ:DSP) CFO Sells $219,675.30 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 18,538 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $11.85, for a total transaction of $219,675.30. Following the transaction, the chief financial officer owned 535,161 shares in the company, valued at approximately $6,341,657.85. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The shares were sold at an average price of $11.42, for a total transaction of $197,531.74.
• 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 transaction 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 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.
• On Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The stock was sold at an average price of $13.03, for a total transaction of $21,603.74.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $10.44 on Friday. The firm has a market capitalization of $661.41 million, a P/E ratio of 29.00 and a beta of 1.00. Viant Technology Inc. has a one year low of $8.11 and a one year high of $16.25. The company’s fifty day moving average is $10.99 and its two-hundred day moving average is $10.86.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. On average, sell-side analysts forecast that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DSP has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research note on Tuesday, March 10th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday. Two 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.00.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. increased its position in Viant Technology by 3.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after purchasing an additional 44,357 shares in the last quarter. Royce & Associates LP increased its position in Viant Technology by 72.3% during the 4th 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 in the last quarter. Renaissance Technologies LLC increased its position in Viant Technology by 2.6% during the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock worth $5,945,000 after purchasing an additional 12,683 shares in the last quarter. Millennium Management LLC increased its position in Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after purchasing an additional 205,160 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after acquiring an additional 22,857 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.