Viant Technology Inc. (NASDAQ:DSP) CFO Sells $31,084.64 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 2,768 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the transaction, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.
• 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 $11.25 on Friday. The firm’s fifty day moving average price is $10.61 and its 200 day moving average price is $10.08. The company has a market capitalization of $711 million, a price-to-earnings ratio of -225.00 and a beta of 0.74. Viant Technology Inc. has a 12 month low of $4.98 and a 12 month high of $12.36.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $41.10 million. As a group, sell-side analysts forecast that Viant Technology Inc. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DSP shares. Canaccord Genuity Group reiterated a “hold” rating and set a $11.00 target price on shares of Viant Technology in a report on Tuesday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DSP. ClariVest Asset Management LLC purchased a new position in Viant Technology during the 2nd quarter worth $1,387,000. Acadian Asset Management LLC boosted its holdings in shares of Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after acquiring an additional 123,635 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after acquiring an additional 66,509 shares in the last quarter. G2 Investment Partners Management LLC boosted its holdings in shares of Viant Technology by 11.6% in the fourth quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after acquiring an additional 44,779 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Viant Technology in the second quarter valued at about $236,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.