Viant Technology (NASDAQ:DSP) CFO Sells $358,510.06 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 27,451 shares of Viant Technology stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the sale, the chief financial officer owned 398,371 shares in the company, valued at approximately $5,202,725.26. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 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.
• 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 value of $143,054.37.
• On Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The stock was sold at an average price of $12.86, for a total value of $117,656.14.
• 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 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 transaction 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 transaction 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 transaction of $228,435.12.

Viant Technology Trading Up 0.2%

NASDAQ:DSP opened at $13.01 on Friday. The company has a 50-day moving average price of $12.07 and a 200-day moving average price of $11.34. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $14.80. The stock has a market cap of $864.77 million, a price-to-earnings ratio of 41.97 and a beta of 1.08.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC increased its stake in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Viant Technology by 202.3% during the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after purchasing an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Viant Technology by 620.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Viant Technology in the 4th quarter worth approximately $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DSP. Citizens Jmp raised their price objective on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 11th. Rosenblatt Securities upped their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. B. Riley Financial raised their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average 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.