Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 10,097 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 10,097 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $12.78, for a total transaction of $129,039.66. Following the completion of the sale, the chief financial officer owned 449,058 shares of the company’s stock, valued at approximately $5,738,961.24. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The shares were sold at an average price of $12.69, for a total value of $143,054.37.
• On Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The shares were sold at an average price of $12.86, for a total value of $117,656.14.
• 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 value 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 value 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 value 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 value 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 value of $144,917.53.

Viant Technology Price Performance

Shares of DSP stock opened at $12.73 on Thursday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.18. The stock has a fifty day moving average price of $11.63 and a 200 day moving average price of $11.28. The stock has a market cap of $834.20 million, a P/E ratio of 35.36 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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. DA Davidson lifted their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial upped their price objective on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $18.00.

Institutional Investors Weigh In On Viant Technology

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after purchasing an additional 1,855 shares during the last quarter. CWM LLC grew its stake in Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Viant Technology by 620.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Viant Technology during the fourth quarter worth $64,000. Institutional investors own 11.38% of the company’s stock.

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.