Insider Selling: Viant Technology Inc. (NASDAQ:DSP) CFO Sells 14,284 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the sale, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 2nd, Larry Madden sold 14,284 shares of Viant Technology stock. The shares were sold at an average price of $18.76, for a total value of $267,967.84.
• 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 value 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 shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17.

Viant Technology Price Performance

Shares of NASDAQ DSP traded up $1.29 during trading hours on Friday, hitting $24.76. 469,871 shares of the company’s stock were exchanged, compared to its average volume of 232,521. The company’s 50-day moving average price is $20.01 and its 200-day moving average price is $14.75. Viant Technology Inc. has a 1-year low of $7.77 and a 1-year high of $25.20. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 412.74 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DSP. New York State Teachers Retirement System acquired a new stake in Viant Technology in the 4th quarter worth $27,000. State Street Corp grew its position in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after buying an additional 1,722 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,915 shares during the period. FMR LLC raised its holdings in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Viant Technology by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company’s stock worth $693,000 after acquiring an additional 3,864 shares during the period. 11.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DSP has been the subject of several analyst reports. Needham & Company LLC lifted their price objective on shares of Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group boosted their price target on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Scotiabank began coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Finally, JMP Securities upped their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $20.29.

About Viant Technology

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.