Viant Technology Inc. (NASDAQ:DSP) CFO Sells $17,331.86 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 1,498 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.57, for a total transaction of $17,331.86. Following the completion of the sale, the chief financial officer now owns 528,350 shares of the company’s stock, valued at approximately $6,113,009.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Larry Madden also recently made the following trade(s):

• On Friday, October 11th, Larry Madden sold 2,768 shares of Viant Technology stock. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64.
• On Wednesday, October 9th, Larry Madden sold 1,953 shares of Viant Technology stock. The shares were sold at an average price of $11.19, for a total transaction of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The shares were sold at an average price of $11.05, for a total value of $34,078.20.
• On Friday, September 20th, Larry Madden sold 1,116 shares of Viant Technology stock. The stock was sold at an average price of $11.02, for a total value of $12,298.32.

Viant Technology Trading Down 1.3 %

Shares of DSP stock opened at $11.52 on Friday. The company has a market cap of $728.06 million, a PE ratio of -230.40 and a beta of 0.74. The company’s fifty day simple moving average is $11.06 and its 200-day simple moving average is $10.23. Viant Technology Inc. has a 52 week low of $5.00 and a 52 week high of $12.36.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Viant Technology had a negative net margin of 0.33% and a negative return on equity of 7.39%. The firm had revenue of $41.56 million during the quarter, compared to analysts’ expectations of $41.10 million. Equities research analysts expect that Viant Technology Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group raised their target price on shares of Viant Technology from $11.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Viant Technology presently has an average rating of “Moderate Buy” and an average price target of $12.20.

Institutional Trading of Viant Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Viant Technology during the 2nd quarter worth about $47,000. Ashton Thomas Private Wealth LLC bought a new position in Viant Technology during the 2nd quarter valued at $84,000. Summit Global Investments acquired a new position in shares of Viant Technology during the 2nd quarter valued at $111,000. Mackenzie Financial Corp acquired a new position in shares of Viant Technology during the 2nd quarter valued at $112,000. Finally, Algert Global LLC bought a new stake in shares of Viant Technology in the 2nd quarter worth $128,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.