Viant Technology (NASDAQ:DSP) Stock: Insider Larry Madden Sells 20,711 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 20,711 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total transaction of $272,142.54. Following the completion of the sale, the chief financial officer directly owned 322,000 shares in the company, valued at approximately $4,231,080. The trade was a 6.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 stock was 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 stock was 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 value of $30,081.66.

Viant Technology Trading Up 1.8%

NASDAQ DSP opened at $12.85 on Friday. Viant Technology Inc. has a 1-year low of $8.16 and a 1-year high of $14.80. The company has a market capitalization of $854.14 million, a price-to-earnings ratio of 41.45 and a beta of 1.11. The stock’s 50 day moving average is $12.69 and its two-hundred day moving average is $11.94.

Analyst Ratings Changes

Several brokerages recently commented on DSP. Citizens Jmp boosted 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. Weiss Ratings upgraded Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Rosenblatt Securities boosted their target price on shares of Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, UBS Group boosted their target price on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $18.33.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of Viant Technology by 8.8% in the second quarter. Squarepoint Ops LLC now owns 39,568 shares of the company’s stock valued at $501,000 after acquiring an additional 3,207 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Viant Technology in the 2nd quarter worth approximately $1,316,000. Bank of New York Mellon Corp acquired a new position in shares of Viant Technology in the 2nd quarter worth approximately $609,000. Versant Capital Management Inc boosted its holdings in shares of Viant Technology by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after acquiring an additional 1,855 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Viant Technology by 81.6% during the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock worth $699,000 after acquiring an additional 28,052 shares during the last quarter. 11.38% of the stock is owned by institutional investors.

Viant Technology Company Profile

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.