Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden Sells 67,243 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 67,243 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.19, for a total value of $1,021,421.17. Following the sale, the chief financial officer now directly owns 461,107 shares in the company, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 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 transaction 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 transaction of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20.
• 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 value of $12,298.32.

Viant Technology Stock Performance

DSP stock opened at $17.57 on Tuesday. The company has a market capitalization of $1.11 billion, a PE ratio of 292.88 and a beta of 0.72. Viant Technology Inc. has a one year low of $5.48 and a one year high of $17.70. The company’s 50 day moving average price is $11.82 and its two-hundred day moving average price is $10.68.

Hedge Funds Weigh In On Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Geode Capital Management LLC boosted its position in Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after buying an additional 6,803 shares during the period. Barclays PLC lifted its stake in shares of Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after acquiring an additional 16,784 shares during the last quarter. State Street Corp boosted its holdings in Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. Martingale Asset Management L P bought a new position in Viant Technology during the 3rd quarter worth approximately $254,000. Finally, FMR LLC increased 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 purchasing an additional 3,123 shares during the period. Institutional investors own 11.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DSP shares. 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 note on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities lifted their target price on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC increased their price target on shares of Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Craig Hallum lifted their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.86.

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.