Larry Madden Sells 27,451 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 27,451 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the sale, the chief financial officer directly owned 398,371 shares of the company’s stock, valued at approximately $5,202,725.26. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The stock was sold at an average price of $10.69, for a total value of $30,081.66.
• 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, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The shares were 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 stock was 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 shares were sold at an average price of $12.10, for a total transaction of $177,507.00.
• On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The shares were sold at an average price of $12.24, for a total transaction of $228,435.12.

Viant Technology Price Performance

DSP stock opened at $13.01 on Friday. The company has a market cap of $864.77 million, a price-to-earnings ratio of 41.97 and a beta of 1.08. The company has a fifty day moving average price of $12.07 and a 200 day moving average price of $11.34. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $14.80.

Institutional Trading of Viant Technology

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the period. CWM LLC raised its holdings 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 purchasing an additional 2,267 shares in the last quarter. Versant Capital Management Inc lifted its position in Viant Technology by 202.3% in the second 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 period. Caitong International Asset Management Co. Ltd lifted its position in Viant Technology by 620.7% in the fourth 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 during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Viant Technology in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup restated a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. Citizens Jmp upped their price objective on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday. B. Riley Financial increased their price objective on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Viant Technology currently has an average rating of “Buy” and an average target price of $18.33.

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.