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

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 27,451 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $13.06, for a total transaction 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 $5,202,725.26. This trade represents a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction 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 transaction 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 transaction of $117,656.14.
• On Monday, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The stock was sold at an average price of $12.78, for a total transaction 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 shares were sold at an average price of $12.24, for a total value of $228,435.12.

Viant Technology Price Performance

DSP traded up $0.50 on Thursday, reaching $12.98. The company’s stock had a trading volume of 324,381 shares, compared to its average volume of 248,843. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $14.80. The business’s 50 day moving average is $12.04 and its 200 day moving average is $11.33. The stock has a market cap of $850.58 million, a price-to-earnings ratio of 41.87 and a beta of 1.08.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data 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 return on equity of 4.38% and a net margin of 2.24%.The business had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. As a group, research analysts forecast that Viant Technology Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. lifted its stake in Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Norwood Investment Partners LP bought a new stake in Viant Technology during the fourth quarter valued at $1,186,000. Royce & Associates LP raised its holdings in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Viant Technology during the fourth quarter worth $873,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Viant Technology in the 2nd quarter worth about $609,000. 11.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DSP. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Rosenblatt Securities raised their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, DA Davidson boosted their target price on shares of Viant Technology from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.