Larry Madden Sells 11,273 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 11,273 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $12.69, for a total transaction of $143,054.37. Following the completion of the transaction, the chief financial officer directly owned 428,636 shares of the company’s stock, valued at $5,439,390.84. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The stock was sold at an average price of $12.86, for a total transaction of $117,656.14.
• On Monday, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The stock was sold at an average price of $12.78, for a total value of $129,039.66.
• On Monday, June 15th, Larry Madden sold 25,376 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total transaction of $281,673.60.
• 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 value 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 value 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 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 stock was sold at an average price of $10.91, for a total transaction of $144,917.53.

Viant Technology Price Performance

NASDAQ:DSP opened at $13.29 on Friday. The firm has a market capitalization of $870.89 million, a P/E ratio of 36.92 and a beta of 1.03. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The business has a 50 day simple moving average of $11.68 and a 200 day simple moving average of $11.29.

Viant Technology (NASDAQ:DSP) last released its quarterly 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 firm had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Research analysts anticipate that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DSP shares. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Thursday, April 16th. B. Riley Financial lifted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. DA Davidson boosted their price objective 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, Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after buying an additional 20,779 shares during the period. AQR Capital Management LLC increased its position in shares of Viant Technology by 303.6% in the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after buying an additional 35,578 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock worth $1,691,000 after acquiring an additional 59,323 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Viant Technology during the 2nd quarter worth approximately $166,000. Finally, Geode Capital Management LLC increased its position in shares of Viant Technology by 6.4% during the second 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 in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.