Viant Technology (NASDAQ:DSP) CFO Larry Madden Sells 13,006 Shares

Key Points

• Viant Technology's CFO, Larry Madden, sold 13,006 shares at an average price of $9.73, reducing his ownership by 2.98%.
• Institutional investors have increased their stakes in Viant Technology, with AlphaQuest LLC boosting its holding by 287.6% during the second quarter.
• Wall Street analysts have adjusted their price targets, with forecasts ranging from $15.00 to $24.00, indicating a generally optimistic view of the company's prospects.

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 13,006 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the completion of the transaction, the chief financial officer owned 423,255 shares in the company, valued at $4,118,271.15. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Viant Technology Trading Down 3.3%

Shares of DSP stock traded down $0.31 during mid-day trading on Friday, reaching $9.09. The stock had a trading volume of 527,086 shares, compared to its average volume of 229,112. The stock's 50-day moving average price is $11.41 and its two-hundred day moving average price is $12.75. Viant Technology Inc. has a 52-week low of $9.05 and a 52-week high of $26.33. The firm has a market capitalization of $572.22 million, a PE ratio of 69.93 and a beta of 1.11.

Analyst Ratings Changes

DSP has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of Viant Technology in a research report on Friday, August 29th. They issued a "buy" rating and a $15.00 price objective on the stock. JMP Securities reduced their price target on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Canaccord Genuity Group reduced their price target on shares of Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Viant Technology in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $19.78.

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in Viant Technology by 7.5% during the second quarter. Osaic Holdings Inc. now owns 94,938 shares of the company's stock worth $1,256,000 after acquiring an additional 6,648 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Viant Technology during the second quarter worth about $1,323,000. Ameriprise Financial Inc. boosted its stake in Viant Technology by 35.9% during the second quarter. Ameriprise Financial Inc. now owns 96,597 shares of the company's stock worth $1,278,000 after acquiring an additional 25,514 shares in the last quarter. Granite Investment Partners LLC bought a new stake in Viant Technology during the second quarter worth about $7,239,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Viant Technology by 6.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 276,689 shares of the company's stock worth $3,661,000 after acquiring an additional 15,786 shares in the last quarter. 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.