Viant Technology Inc. (NASDAQ:DSP) CFO Sells $12,298.32 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 1,116 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $11.02, for a total transaction of $12,298.32. Following the sale, the chief financial officer now owns 541,518 shares in the company, valued at $5,967,528.36. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction of $34,078.20.

Viant Technology Stock Performance

Shares of DSP stock opened at $10.90 on Friday. The company has a market capitalization of $688.88 million, a PE ratio of -90.83 and a beta of 0.74. Viant Technology Inc. has a 52-week low of $4.98 and a 52-week high of $12.36. The business’s fifty day moving average is $10.71 and its 200 day moving average is $10.03.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $41.56 million for the quarter, compared to the consensus estimate of $41.10 million. On average, sell-side analysts forecast that Viant Technology Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Viant Technology in the 2nd quarter worth approximately $47,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Viant Technology during the second quarter worth approximately $84,000. Summit Global Investments bought a new stake in shares of Viant Technology in the 2nd quarter worth approximately $111,000. Mackenzie Financial Corp purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $112,000. Finally, Algert Global LLC bought a new position in shares of Viant Technology during the 2nd quarter valued at $128,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

DSP has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a research report on Tuesday, August 13th. Canaccord Genuity Group restated a “hold” rating and issued a $11.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.80.

About Viant Technology

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.