Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 20,711 Shares of Company Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 20,711 shares of Viant Technology stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $13.14, for a total transaction of $272,142.54. Following the completion of the transaction, the chief financial officer owned 322,000 shares of the company’s stock, valued at $4,231,080. This represents a 6.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Friday, September 18th, Larry Madden sold 14,602 shares of Viant Technology stock. The stock was sold at an average price of $12.10, for a total transaction of $176,684.20.
• On Wednesday, September 16th, Larry Madden sold 17,042 shares of Viant Technology stock. The shares were sold at an average price of $12.52, for a total transaction of $213,365.84.
• On Tuesday, August 11th, Larry Madden sold 27,451 shares of Viant Technology stock. The shares were sold at an average price of $13.06, for a total transaction of $358,510.06.
• On Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The shares were sold at an average price of $10.69, for a total transaction of $30,081.66.

Viant Technology Trading Down 4.6%

Shares of DSP opened at $12.62 on Thursday. The firm has a market capitalization of $838.85 million, a price-to-earnings ratio of 40.71 and a beta of 1.11. The firm’s fifty day simple moving average is $12.68 and its 200-day simple moving average is $11.92. Viant Technology Inc. has a twelve month low of $8.16 and a twelve month high of $14.80.

Institutional Trading of Viant Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. lifted its position in shares of Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after buying an additional 190,248 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Viant Technology in the 2nd quarter valued at $1,316,000. Norwood Investment Partners LP purchased a new position in shares of Viant Technology in the 4th quarter valued at $1,186,000. Quantinno Capital Management LP grew its position in shares of Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after buying an additional 28,052 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Viant Technology in the 2nd quarter valued at $609,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

DSP has been the topic of a number of analyst reports. Citizens Jmp raised their price target on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 11th. DA Davidson raised Viant Technology to a “strong-buy” rating in a research report on Monday, October 5th. UBS Group upped their price objective on Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Rosenblatt Securities increased their price objective on Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $18.33.

About Viant Technology

Viant Technology Inc is an advertising technology company that provides a cloud-based demand-side platform (DSP) for planning, buying, and measuring digital advertising campaigns. Its platform, Adelphic, enables advertisers and agencies to purchase programmatic media across connected television, streaming video, mobile, desktop, audio, and other digital channels.

The company’s technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.