Larry Madden Sells 7,297 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 7,297 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $11.31, for a total transaction of $82,529.07. Following the completion of the sale, the chief financial officer directly owned 593,027 shares of the company’s stock, valued at $6,707,135.37. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The shares were sold at an average price of $13.03, for a total transaction of $21,603.74.
• On Thursday, January 22nd, Larry Madden sold 4,224 shares of Viant Technology stock. The shares were sold at an average price of $13.09, for a total transaction of $55,292.16.

Viant Technology Trading Down 3.7%

Shares of DSP stock opened at $10.54 on Thursday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $16.25. The stock has a market capitalization of $667.71 million, a P/E ratio of 32.94 and a beta of 0.94. The firm’s 50 day moving average is $10.65 and its 200 day moving average is $10.47.

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. lifted its position in shares of Viant Technology by 3.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after purchasing an additional 44,357 shares during the period. Royce & Associates LP lifted its position in Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after acquiring an additional 382,664 shares during the period. Renaissance Technologies LLC lifted its position in Viant Technology by 2.6% during the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after acquiring an additional 12,683 shares during the period. Millennium Management LLC lifted its position in Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares during the period. Finally, Geode Capital Management LLC lifted its position in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after acquiring an additional 22,857 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $15.50 target price on shares of Viant Technology in a report on Thursday, March 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Loop Capital set a $14.50 target price on shares of Viant Technology in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Viant Technology has a consensus rating of “Buy” and an average price target of $17.71.

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.