Viant Technology (NASDAQ:DSP) CFO Sells $55,292.16 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 4,224 shares of Viant Technology stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $13.09, for a total value of $55,292.16. Following the sale, the chief financial officer directly owned 405,554 shares of the company’s stock, valued at approximately $5,308,701.86. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 17th, Larry Madden sold 13,477 shares of Viant Technology stock. The stock was sold at an average price of $11.70, for a total value of $157,680.90.

Viant Technology Stock Down 1.5%

Shares of DSP stock traded down $0.19 on Monday, hitting $12.60. The stock had a trading volume of 121,220 shares, compared to its average volume of 198,070. Viant Technology Inc. has a one year low of $8.11 and a one year high of $26.33. The business has a 50 day moving average price of $11.46 and a 200 day moving average price of $10.73. The company has a market cap of $786.62 million, a PE ratio of 114.56 and a beta of 1.03.

Viant Technology (NASDAQ:DSP) last issued its earnings results 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). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The business had revenue of $85.58 million for the quarter, compared to the consensus estimate of $85.54 million. Equities research analysts expect that Viant Technology Inc. will post -0.39 EPS for the current year.

Analyst Ratings Changes

DSP has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and set a $16.50 target price (up previously from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp reduced their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Viant Technology during the third quarter worth about $31,000. CWM LLC raised its position in Viant Technology by 431.0% during the 4th 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. AlphaQuest LLC lifted its stake in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after acquiring an additional 3,443 shares during the period. State of Alaska Department of Revenue acquired a new stake in Viant Technology during the 4th quarter valued at approximately $64,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 shares during 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.