Viant Technology (NASDAQ:DSP) CFO Sells 9,149 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 9,149 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $12.86, for a total transaction of $117,656.14. Following the completion of the sale, the chief financial officer owned 439,909 shares in the company, valued at $5,657,229.74. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $12.69, for a total value of $143,054.37.
• 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 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 stock was 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 shares were sold at an average price of $10.91, for a total transaction of $144,917.53.

Viant Technology Trading Up 0.4%

Shares of Viant Technology stock traded up $0.05 during mid-day trading on Wednesday, hitting $12.73. 164,301 shares of the stock were exchanged, compared to its average volume of 288,888. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $15.18. The stock has a market capitalization of $834.20 million, a price-to-earnings ratio of 35.36 and a beta of 1.03. The company has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.28.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The firm had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Equities research analysts forecast that Viant Technology Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC purchased a new stake in Viant Technology during the third quarter worth approximately $2,150,000. Tudor Investment Corp ET AL boosted its position in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after purchasing an additional 54,507 shares during the period. Norwood Investment Partners LP purchased a new stake in Viant Technology during the 4th quarter worth $1,186,000. Dynamic Technology Lab Private Ltd increased its holdings in Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after purchasing an additional 58,251 shares in the last quarter. Finally, Royce & Associates LP raised its position in Viant Technology by 72.3% in the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after purchasing an additional 382,664 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. DA Davidson raised their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Loop Capital set a $14.50 target price on Viant Technology in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Viant Technology has a consensus rating of “Buy” and a consensus price target of $18.00.

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.