Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden Sells 14,284 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the sale, the chief financial officer now owns 358,624 shares of the company’s stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, December 4th, Larry Madden sold 14,284 shares of Viant Technology stock. The stock was sold at an average price of $19.51, for a total transaction of $278,680.84.
• On Monday, November 18th, Larry Madden sold 22,504 shares of Viant Technology stock. The shares were sold at an average price of $17.03, for a total value of $383,243.12.
• 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 value 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 transaction 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 transaction of $31,084.64.
• On Wednesday, October 9th, Larry Madden sold 1,953 shares of Viant Technology stock. The stock was sold at an average price of $11.19, for a total transaction of $21,854.07.

Viant Technology Stock Up 2.5 %

NASDAQ DSP traded up $0.47 during trading hours on Friday, reaching $19.37. The company’s stock had a trading volume of 207,760 shares, compared to its average volume of 212,730. Viant Technology Inc. has a 1 year low of $6.50 and a 1 year high of $21.74. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00. The firm’s 50-day moving average price is $17.45 and its 200-day moving average price is $13.02.

Institutional Investors Weigh In On Viant Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC increased its stake in Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after acquiring an additional 2,915 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,803 shares during the last quarter. State Street Corp grew its position in Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after acquiring an additional 1,722 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Viant Technology by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after acquiring an additional 6,064 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares during the period. Institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

DSP has been the subject of several analyst reports. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Scotiabank began coverage on Viant Technology in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company. 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 note on Wednesday, November 13th. 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 note on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.75.

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.