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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 13,265 shares of Viant Technology stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.08, for a total transaction of $173,506.20. Following the completion of the sale, the chief financial officer now owns 436,261 shares of the company's stock, valued at $5,706,293.88. This trade represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Viant Technology Price Performance

Shares of DSP stock traded up $0.40 during trading hours on Monday, reaching $13.03. 308,722 shares of the stock were exchanged, compared to its average volume of 239,997. The business's fifty day moving average is $13.88 and its two-hundred day moving average is $16.86. The firm has a market capitalization of $815.25 million, a P/E ratio of 217.20 and a beta of 1.14. Viant Technology Inc. has a 12-month low of $8.70 and a 12-month high of $26.33.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently modified their holdings of DSP. JPMorgan Chase & Co. grew its stake in shares of Viant Technology by 353.7% during the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock worth $8,323,000 after purchasing an additional 341,684 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Viant Technology in the first quarter valued at $4,023,000. Harbor Capital Advisors Inc. acquired a new stake in Viant Technology in the first quarter valued at $3,867,000. Punch & Associates Investment Management Inc. lifted its holdings in Viant Technology by 37.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company's stock worth $12,283,000 after buying an additional 267,326 shares during the last quarter. Finally, Norwood Investment Partners LP acquired a new position in shares of Viant Technology during the 1st quarter worth about $2,881,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.