Viant Technology (NASDAQ:DSP) CFO Sells $272,142.54 in Stock

Key Points

• Viant Technology CFO Larry Madden sold 20,711 shares at an average price of $13.14, generating $272,142.54. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 6.04% to 322,000 shares.
• DSP shares fell $0.61 to $12.62, with the company valued at approximately $838.85 million and trading at a P/E ratio of 101.77.
• Wall Street analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $18.33; hedge funds and other institutions own 11.38% of the stock.

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 20,711 shares of Viant Technology stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $13.14, for a total transaction of $272,142.54. Following the completion of the sale, the chief financial officer directly owned 322,000 shares of the company's stock, valued at approximately $4,231,080. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, Larry Madden sold 14,602 shares of Viant Technology stock. The shares were sold at an average price of $12.10, for a total transaction of $176,684.20.
• On Wednesday, September 16th, Larry Madden sold 17,042 shares of Viant Technology stock. The shares were sold at an average price of $12.52, for a total value of $213,365.84.
• On Tuesday, August 11th, Larry Madden sold 27,451 shares of Viant Technology stock. The shares were sold at an average price of $13.06, for a total value of $358,510.06.
• On Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The stock was sold at an average price of $10.69, for a total value of $30,081.66.

Viant Technology Stock Performance

Shares of DSP stock traded down $0.61 on Wednesday, reaching $12.62. The stock had a trading volume of 326,461 shares, compared to its average volume of 697,481. Viant Technology Inc. has a 1 year low of $8.16 and a 1 year high of $14.80. The stock has a market cap of $838.85 million, a P/E ratio of 101.77 and a beta of 1.11. The company has a 50 day simple moving average of $12.68 and a 200 day simple moving average of $11.91.

Institutional Investors Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. lifted its position in Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company's stock valued at $15,088,000 after purchasing an additional 190,248 shares in the last quarter. Globeflex Capital L P bought a new stake in Viant Technology during the second quarter valued at about $1,316,000. Norwood Investment Partners LP purchased a new stake in Viant Technology in the fourth quarter worth about $1,186,000. Bank of New York Mellon Corp purchased a new stake in Viant Technology in the second quarter worth about $609,000. Finally, Squarepoint Ops LLC increased its position in Viant Technology by 8.8% in the second quarter. Squarepoint Ops LLC now owns 39,568 shares of the company's stock worth $501,000 after buying an additional 3,207 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DSP has been the subject of a number of recent research reports. Citizens Jmp boosted their price target on Viant Technology from $16.00 to $17.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. UBS Group increased their price objective on shares of Viant Technology from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Rosenblatt Securities raised their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Citigroup reissued a "market outperform" rating on shares of Viant Technology in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.33.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a cloud-based demand-side platform (DSP) for planning, buying, and measuring digital advertising campaigns. Its platform, Adelphic, enables advertisers and agencies to purchase programmatic media across connected television, streaming video, mobile, desktop, audio, and other digital channels.

The company's technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.

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