Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells 13,477 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 13,477 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total value of $157,680.90. Following the completion of the transaction, the chief financial officer directly owned 409,778 shares in the company, valued at approximately $4,794,402.60. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viant Technology Price Performance

Viant Technology stock traded up $0.37 during trading hours on Thursday, hitting $11.91. 294,769 shares of the stock traded hands, compared to its average volume of 246,873. The firm’s 50 day moving average price is $9.90 and its 200-day moving average price is $11.04. The stock has a market capitalization of $743.54 million, a price-to-earnings ratio of 108.28 and a beta of 1.05. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $26.33.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. Research analysts forecast that Viant Technology Inc. will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently bought and sold shares of DSP. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Viant Technology during the second quarter valued at about $8,443,000. Cubist Systematic Strategies LLC increased its holdings in Viant Technology by 77.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 92,686 shares of the company’s stock valued at $1,150,000 after purchasing an additional 40,567 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in Viant Technology in the second quarter valued at approximately $7,239,000. Harbor Capital Advisors Inc. lifted its stake in Viant Technology by 30.0% during the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock worth $5,357,000 after purchasing an additional 93,330 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Viant Technology during the first quarter worth $982,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Citizens Jmp lowered their price objective on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Viant Technology in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $18.50.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.