Viant Technology Inc. (NASDAQ:DSP) CFO Sells $330,246.08 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. The trade was a 3.98 % 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 hyperlink.

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

• On Thursday, January 2nd, Larry Madden sold 14,284 shares of Viant Technology stock. The shares were sold at an average price of $18.76, for a total value of $267,967.84.
• 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 shares were sold at an average price of $17.03, for a total value 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 value of $1,021,421.17.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $24.76 on Friday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 412.74 and a beta of 1.00. Viant Technology Inc. has a 1-year low of $7.77 and a 1-year high of $25.20. The company has a 50 day moving average price of $20.13 and a 200 day moving average price of $14.85.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DSP shares. Scotiabank initiated coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Needham & Company LLC upped their price target on shares of Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JMP Securities boosted their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. Finally, Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $20.29.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds have recently modified their holdings of DSP. New York State Teachers Retirement System acquired a new position in shares of Viant Technology in the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Viant Technology during the 4th quarter worth about $88,000. FMR LLC boosted its holdings in shares of Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the period. SG Americas Securities LLC purchased a new position in shares of Viant Technology in the fourth quarter worth approximately $142,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Viant Technology during the third quarter valued at approximately $122,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.