Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 18,663 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 18,663 shares of Viant Technology stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $12.24, for a total transaction of $228,435.12. Following the sale, the chief financial officer directly owned 499,201 shares in the company, valued at $6,110,220.24. The trade was a 3.60% decrease in their position. The sale was disclosed in a 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, 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 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 Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The shares were 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 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 shares were 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 shares were 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 shares were sold at an average price of $13.03, for a total transaction of $21,603.74.

Viant Technology Trading Down 0.2%

Shares of DSP opened at $12.09 on Tuesday. The firm’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.16. The firm has a market capitalization of $792.26 million, a price-to-earnings ratio of 33.58 and a beta of 1.04. Viant Technology Inc. has a 1-year low of $8.11 and a 1-year high of $15.18.

Viant Technology (NASDAQ:DSP) last announced 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). The company had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, research analysts forecast that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DSP shares. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. DA Davidson lifted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DSP. Royce & Associates LP raised its holdings in 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 buying an additional 382,664 shares during the last quarter. Topline Capital Management LLC purchased a new position in Viant Technology in the third quarter worth about $2,150,000. Invenomic Capital Management LP purchased a new position in Viant Technology in the fourth quarter worth about $2,748,000. Millennium Management LLC raised its holdings in Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after buying an additional 205,160 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its holdings in Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after buying an additional 190,248 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.