Viant Technology Inc. (NASDAQ:DSP) CFO Sells $34,078.20 in Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 3,084 shares of Viant Technology stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20. Following the sale, the chief financial officer now owns 538,434 shares in the company, valued at approximately $5,949,695.70. 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 Friday, September 20th, Larry Madden sold 1,116 shares of Viant Technology stock. The stock was sold at an average price of $11.02, for a total transaction of $12,298.32.

Viant Technology Stock Down 1.0 %

Shares of NASDAQ:DSP opened at $10.90 on Friday. The firm has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $10.03. Viant Technology Inc. has a 52 week low of $4.98 and a 52 week high of $12.36. The stock has a market capitalization of $688.88 million, a P/E ratio of -90.83 and a beta of 0.74.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. The company had revenue of $41.56 million during the quarter, compared to analysts’ expectations of $41.10 million. On average, analysts expect that Viant Technology Inc. will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Viant Technology

Large investors have recently modified their holdings of the stock. Algert Global LLC bought a new position in Viant Technology during the 2nd quarter valued at about $128,000. Mackenzie Financial Corp purchased a new position in shares of Viant Technology during the second quarter valued at approximately $112,000. AQR Capital Management LLC bought a new position in shares of Viant Technology during the second quarter valued at approximately $236,000. Squarepoint Ops LLC grew its stake in shares of Viant Technology by 42.8% during the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock valued at $721,000 after buying an additional 21,888 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Viant Technology by 55.1% in the second quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock worth $207,000 after buying an additional 7,437 shares during the period. Institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DSP. Canaccord Genuity Group reiterated a “hold” rating and issued a $11.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

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.