Larry Madden Sells 13,265 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 13,265 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $173,506.20. Following the completion of the transaction, the chief financial officer now directly owns 436,261 shares in the company, valued at $5,706,293.88. The trade was a 2.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Viant Technology Trading Down 3.7%

Shares of DSP traded down $0.49 during midday trading on Friday, reaching $12.63. The stock had a trading volume of 507,342 shares, compared to its average volume of 239,060. The firm has a market cap of $790.22 million, a PE ratio of 210.54 and a beta of 1.14. The firm has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $16.88. Viant Technology Inc. has a one year low of $8.70 and a one year high of $26.33.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a report on Wednesday, April 2nd. Raymond James reduced their price objective on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $21.00.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Viant Technology during the fourth quarter worth about $27,000. Summit Investment Advisors Inc. lifted its holdings in Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. Quantbot Technologies LP bought a new position in Viant Technology during the fourth quarter worth $80,000. Wells Fargo & Company MN boosted its position in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock worth $168,000 after purchasing an additional 3,829 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Viant Technology in the fourth quarter valued at $193,000. 11.38% of the stock is owned by institutional investors.

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.

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