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 dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the sale, the chief financial officer now 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 filing with the SEC, which is available through the SEC website.

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 stock was 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.
• 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 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 transaction 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 Price Performance

NASDAQ DSP opened at $19.37 on Monday. Viant Technology Inc. has a 1-year low of $6.50 and a 1-year high of $21.74. The business has a 50 day simple moving average of $17.61 and a two-hundred day simple moving average of $13.14. The stock has a market capitalization of $1.22 billion, a PE ratio of 322.89 and a beta of 1.00.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DSP. Allspring Global Investments Holdings LLC purchased a new position in Viant Technology in the second quarter worth about $47,000. FMR LLC lifted its stake in shares of Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Viant Technology in the 2nd quarter worth approximately $84,000. Mackenzie Financial Corp bought a new position in shares of Viant Technology during the 2nd quarter valued at approximately $112,000. Finally, Victory Capital Management Inc. purchased a new stake in Viant Technology during the 3rd quarter valued at $122,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.