Viant Technology Inc. (NASDAQ:DSP) CFO Sells $383,243.12 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 22,504 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.03, for a total transaction of $383,243.12. Following the sale, the chief financial officer now directly owns 392,634 shares of the company’s stock, valued at approximately $6,686,557.02. This represents a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, November 14th, Larry Madden sold 67,243 shares of Viant Technology stock. The stock was sold at an average price of $15.19, for a total transaction of $1,021,421.17.
• On Monday, October 28th, Larry Madden sold 1,498 shares of Viant Technology stock. The shares were sold at an average price of $11.57, for a total value of $17,331.86.
• 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 value 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 value of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The stock was 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 transaction of $12,298.32.

Viant Technology Trading Down 0.1 %

NASDAQ DSP opened at $18.21 on Thursday. Viant Technology Inc. has a 1-year low of $5.58 and a 1-year high of $18.58. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 303.50 and a beta of 0.72. The stock’s 50 day moving average is $12.14 and its two-hundred day moving average is $10.81.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DSP shares. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. JMP Securities boosted their price target on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Craig Hallum raised their price objective on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC boosted their price objective on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has a consensus rating of “Buy” and a consensus target price of $15.86.

Hedge Funds Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Viant Technology by 379.0% during the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after acquiring an additional 14,835 shares in the last quarter. Heron Bay Capital Management bought a new stake in shares of Viant Technology in the 1st quarter worth about $243,000. Quadrature Capital Ltd increased its position in shares of Viant Technology by 39.0% during the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after purchasing an additional 20,668 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Viant Technology by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares in the last quarter. Finally, Summit Global Investments acquired a new position in Viant Technology in the second quarter valued at about $111,000. Institutional investors own 11.38% of the company’s stock.

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.