Insider Selling: Viant Technology Inc. (NASDAQ:DSP) CFO Sells 1,498 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 1,498 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.57, for a total transaction of $17,331.86. Following the sale, the chief financial officer now directly owns 528,350 shares in the company, valued at approximately $6,113,009.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 11th, Larry Madden sold 2,768 shares of Viant Technology stock. The shares were 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 value 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 shares were sold at an average price of $11.02, for a total transaction of $12,298.32.

Viant Technology Stock Performance

Shares of DSP opened at $11.52 on Friday. The firm has a market capitalization of $728.06 million, a PE ratio of -230.40 and a beta of 0.74. Viant Technology Inc. has a 52-week low of $5.00 and a 52-week high of $12.36. The stock has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $10.23.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (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 business had revenue of $41.56 million during the quarter, compared to analyst estimates of $41.10 million. Equities research analysts predict that Viant Technology Inc. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Viant Technology during the second quarter worth approximately $47,000. Ashton Thomas Private Wealth LLC bought a new stake in Viant Technology during the second quarter worth about $84,000. Summit Global Investments acquired a new position in shares of Viant Technology in the 2nd quarter valued at approximately $111,000. Mackenzie Financial Corp acquired a new position in Viant Technology during the second quarter valued at approximately $112,000. Finally, Algert Global LLC acquired a new stake in shares of Viant Technology in the 2nd quarter valued at $128,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DSP shares. Canaccord Genuity Group increased their price target on shares of Viant Technology from $11.00 to $13.00 and gave the company a “hold” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

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.