Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 1,658 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 1,658 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $13.03, for a total value of $21,603.74. Following the transaction, the chief financial officer owned 368,607 shares in the company, valued at $4,802,949.21. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 22nd, Larry Madden sold 4,224 shares of Viant Technology stock. The stock was sold at an average price of $13.09, for a total transaction of $55,292.16.
• On Wednesday, December 17th, Larry Madden sold 13,477 shares of Viant Technology stock. The shares were sold at an average price of $11.70, for a total transaction of $157,680.90.

Viant Technology Price Performance

Shares of NASDAQ:DSP remained flat at $11.75 on Tuesday. 358,006 shares of the company’s stock were exchanged, compared to its average volume of 214,104. The company has a market cap of $733.55 million, a price-to-earnings ratio of 36.72 and a beta of 1.05. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $16.25. The business has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $10.33.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DSP shares. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research note on Tuesday, March 10th. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.13.

Institutional Investors Weigh In On Viant Technology

Several large investors have recently made changes to their positions in the company. Granite Investment Partners LLC acquired a new position in Viant Technology in the second quarter valued at about $7,239,000. Royce & Associates LP increased its holdings in shares of Viant Technology by 72.3% during 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 in the last quarter. Topline Capital Management LLC bought a new position in shares of Viant Technology in the third quarter valued at approximately $2,150,000. Invenomic Capital Management LP acquired a new position in shares of Viant Technology in the 4th quarter worth approximately $2,748,000. Finally, Millennium Management LLC grew 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 acquiring an additional 205,160 shares during the last quarter. Institutional investors 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.