Insider Selling: 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 stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the completion of the transaction, the chief financial officer now owns 392,634 shares of the company’s stock, valued at $6,686,557.02. This trade represents a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, November 14th, Larry Madden sold 67,243 shares of Viant Technology stock. The shares were 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 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 transaction 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 transaction 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 Price Performance

NASDAQ DSP opened at $18.21 on Thursday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 303.50 and a beta of 0.72. The company has a 50 day simple moving average of $12.14 and a 200-day simple moving average of $10.81. Viant Technology Inc. has a 52-week low of $5.58 and a 52-week high of $18.58.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its stake in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after purchasing an additional 66,509 shares in the last quarter. Quadrature Capital Ltd grew its position in Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after acquiring an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth $1,387,000. Acadian Asset Management LLC raised its holdings in shares of Viant Technology by 659.4% during the 2nd 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Viant Technology in the 2nd quarter valued at $84,000. Hedge funds and other 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.