Insider Selling: Viant Technology (NASDAQ:DSP) CFO Sells 25,376 Shares of Stock

Key Points

• Viant Technology CFO Larry Madden sold 25,376 shares on June 15 at an average price of $11.10, generating about $281,674. After the sale, he still held 459,155 shares valued at roughly $5.1 million.
• This continues a recent pattern of insider selling by Madden, who has also sold shares multiple times since April in transactions ranging from about 7,300 to 18,700 shares each.
• Viant Technology’s stock and fundamentals remain mixed: shares traded around $11.11, near their 50-day and 200-day moving averages, while the company recently posted a smaller-than-expected quarterly EPS loss but beat revenue estimates.

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 25,376 shares of Viant Technology stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.10, for a total value of $281,673.60. Following the completion of the sale, the chief financial officer directly owned 459,155 shares of the company's stock, valued at approximately $5,096,620.50. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The stock was sold at an average price of $12.10, for a total value of $177,507.00.
• On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The stock was sold at an average price of $12.24, for a total value of $228,435.12.
• On Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total value of $197,531.74.
• On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The shares were sold at an average price of $11.85, for a total value of $219,675.30.
• On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The shares were sold at an average price of $10.16, for a total value of $129,865.12.
• On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The shares were sold at an average price of $10.74, for a total value of $142,444.62.
• On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The shares were sold at an average price of $10.91, for a total value of $144,917.53.
• On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The shares were sold at an average price of $11.31, for a total value of $82,529.07.

Viant Technology Stock Performance

Shares of Viant Technology stock traded up $0.01 during trading hours on Monday, hitting $11.11. The company's stock had a trading volume of 850,386 shares, compared to its average volume of 272,703. The business has a 50 day moving average price of $11.22 and a two-hundred day moving average price of $11.21. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The company has a market cap of $728.04 million, a PE ratio of 30.86 and a beta of 1.04.

Viant Technology (NASDAQ:DSP - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The firm had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. As a group, research analysts anticipate that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DSP. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th. B. Riley Financial raised their target price on Viant Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. DA Davidson lifted their price objective on Viant Technology from $16.00 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Loop Capital set a $14.50 price objective on Viant Technology in a research note on Tuesday, March 10th. Finally, Freedom Capital upgraded Viant Technology to a "strong-buy" rating in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $18.00.

Institutional Trading of Viant Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Topline Capital Management LLC acquired a new stake in Viant Technology during the third quarter worth approximately $2,150,000. Tudor Investment Corp ET AL boosted its holdings in shares of Viant Technology by 39.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company's stock valued at $1,654,000 after purchasing an additional 54,507 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Viant Technology by 474.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company's stock valued at $609,000 after purchasing an additional 58,251 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company's stock valued at $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Viant Technology in the 4th quarter valued at $873,000. Hedge funds and other institutional investors own 11.38% of the company's stock.

About Viant Technology

Viant Technology Inc Nasdaq: DSP is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.

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