Larry Madden Sells 4,224 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 4,224 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $13.09, for a total value of $55,292.16. Following the completion of the sale, the chief financial officer directly owned 405,554 shares of the company’s stock, valued at $5,308,701.86. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 17th, Larry Madden sold 13,477 shares of Viant Technology stock. The shares were sold at an average price of $11.70, for a total transaction of $157,680.90.

Viant Technology Trading Up 1.0%

Viant Technology stock opened at $12.73 on Wednesday. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $26.33. The stock has a market cap of $794.78 million, a P/E ratio of 115.74 and a beta of 1.03. The company has a 50-day moving average price of $11.57 and a 200 day moving average price of $10.73.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. As a group, analysts forecast that Viant Technology Inc. will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DSP. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson increased their target price on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citizens Jmp reduced their price target on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Finally, B. Riley reiterated a “buy” rating and issued a $16.50 target price (up previously from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $18.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DSP. Fort Washington Investment Advisors Inc. OH acquired a new stake in Viant Technology during the 2nd quarter worth approximately $8,443,000. Granite Investment Partners LLC acquired a new position in Viant Technology during the 2nd quarter worth $7,239,000. Topline Capital Management LLC acquired a new position in Viant Technology during the 3rd quarter worth $2,150,000. Manatuck Hill Partners LLC purchased a new stake in Viant Technology during the 2nd quarter worth about $1,323,000. Finally, Millennium Management LLC raised its position in Viant Technology by 70.9% in the 3rd quarter. Millennium Management LLC now owns 224,833 shares of the company’s stock valued at $1,940,000 after purchasing an additional 93,282 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

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.