Insider Selling: Viant Technology Inc. (NASDAQ:DSP) CFO Sells 1,116 Shares of Stock

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

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

• 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 transaction of $34,078.20.

Viant Technology Trading Down 1.0 %

Shares of Viant Technology stock opened at $10.90 on Friday. The company’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $10.03. Viant Technology Inc. has a 12-month low of $4.98 and a 12-month high of $12.36. The company has a market cap of $688.88 million, a P/E ratio of -90.83 and a beta of 0.74.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group reissued a “hold” rating and set a $11.00 price target on shares of Viant Technology in a research report on Tuesday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Viant Technology in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Viant Technology currently has a consensus rating of “Moderate Buy” and an average price target of $11.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Viant Technology during the second quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Viant Technology in the 2nd quarter worth approximately $84,000. Summit Global Investments purchased a new stake in shares of Viant Technology in the 2nd quarter worth approximately $111,000. Mackenzie Financial Corp bought a new position in Viant Technology during the 2nd quarter valued at approximately $112,000. Finally, Algert Global LLC bought a new position in Viant Technology during the 2nd quarter valued at approximately $128,000. 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.