Larry Madden Sells 14,284 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the sale, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at $6,727,786.24. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 value of $278,680.84.
• On Monday, November 18th, Larry Madden sold 22,504 shares of Viant Technology stock. The stock was 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 shares were 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 stock was sold at an average price of $11.57, for a total transaction of $17,331.86.
• On Friday, October 11th, Larry Madden sold 2,768 shares of Viant Technology stock. The shares were 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 stock was sold at an average price of $11.19, for a total value of $21,854.07.

Viant Technology Trading Up 2.5 %

NASDAQ DSP opened at $19.37 on Monday. The firm’s fifty day simple moving average is $17.61 and its two-hundred day simple moving average is $13.14. The firm has a market capitalization of $1.22 billion, a P/E ratio of 322.89 and a beta of 1.00. Viant Technology Inc. has a 12-month low of $6.50 and a 12-month high of $21.74.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSP. State Street Corp grew its position in Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after purchasing an additional 1,722 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Viant Technology by 5.1% during the second quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock valued at $419,000 after buying an additional 2,070 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,915 shares during the period. FMR LLC raised its stake in Viant Technology by 77.9% in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Viant Technology during the 2nd quarter worth about $47,000. 11.38% of the stock is currently 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.