Viant Technology Inc. (NASDAQ:DSP) CFO Sells $267,967.84 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the transaction, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 4th, Larry Madden sold 14,284 shares of Viant Technology stock. The stock was sold at an average price of $19.51, for a total transaction of $278,680.84.
• On Monday, November 18th, Larry Madden sold 22,504 shares of Viant Technology stock. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12.
• On Thursday, November 14th, Larry Madden sold 67,243 shares of Viant Technology stock. The stock was sold at an average price of $15.19, for a total transaction of $1,021,421.17.
• On Monday, October 28th, Larry Madden sold 1,498 shares of Viant Technology stock. The shares were sold at an average price of $11.57, for a total value of $17,331.86.
• On Friday, October 11th, Larry Madden sold 2,768 shares of Viant Technology stock. The stock was sold at an average price of $11.23, for a total value of $31,084.64.
• On Wednesday, October 9th, Larry Madden sold 1,953 shares of Viant Technology stock. The shares were sold at an average price of $11.19, for a total value of $21,854.07.

Viant Technology Stock Up 2.5 %

Shares of NASDAQ DSP traded up $0.47 during midday trading on Friday, reaching $19.37. 207,760 shares of the company’s stock traded hands, compared to its average volume of 212,730. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00. The stock’s 50 day simple moving average is $17.45 and its 200-day simple moving average is $13.02. Viant Technology Inc. has a one year low of $6.50 and a one year high of $21.74.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DSP. Craig Hallum boosted their target price on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Canaccord Genuity Group upped their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Scotiabank initiated coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Finally, Needham & Company LLC increased their price objective on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has a consensus rating of “Buy” and an average price target of $17.75.

Institutional Trading of Viant Technology

A number of hedge funds have recently bought and sold shares of DSP. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viant Technology during the second quarter valued at about $47,000. FMR LLC raised its stake in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Viant Technology during the second quarter valued at approximately $84,000. Mackenzie Financial Corp acquired a new stake in Viant Technology in the second quarter valued at approximately $112,000. Finally, Victory Capital Management Inc. purchased a new position in Viant Technology in the third quarter worth $122,000. Hedge funds and other 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.