Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells $228,435.12 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 18,663 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $12.24, for a total transaction of $228,435.12. Following the transaction, the chief financial officer owned 499,201 shares in the company, valued at $6,110,220.24. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 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 stock was 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 stock was 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 stock was sold at an average price of $10.91, for a total value of $144,917.53.
• On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The stock was sold at an average price of $11.31, for a total value of $82,529.07.
• On Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The stock was sold at an average price of $13.03, for a total transaction of $21,603.74.

Viant Technology Price Performance

DSP opened at $11.58 on Thursday. Viant Technology Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $15.18. The firm has a market capitalization of $758.84 million, a PE ratio of 32.17 and a beta of 1.04. The company’s 50-day moving average is $11.22 and its 200 day moving average is $11.19.

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

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC bought a new stake in Viant Technology in the 3rd quarter worth about $2,150,000. Tudor Investment Corp ET AL grew its position in Viant Technology by 39.7% in 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 in the last quarter. Dynamic Technology Lab Private Ltd grew its position 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 worth $609,000 after purchasing an additional 58,251 shares in the last quarter. Royce & Associates LP grew its position in Viant Technology by 72.3% in the 4th 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 in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Viant Technology in the 4th quarter worth about $873,000. 11.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DSP. Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. B. Riley Financial upped their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.00.

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.