Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden Sells 22,504 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 22,504 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.03, for a total value of $383,243.12. Following the completion of the transaction, the chief financial officer now directly owns 392,634 shares of the company’s stock, valued at $6,686,557.02. This trade represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 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 value of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The stock was sold at an average price of $11.05, for a total value of $34,078.20.
• On Friday, September 20th, Larry Madden sold 1,116 shares of Viant Technology stock. The shares were sold at an average price of $11.02, for a total value of $12,298.32.

Viant Technology Trading Up 8.4 %

NASDAQ DSP opened at $17.57 on Tuesday. The business’s 50 day moving average is $11.82 and its two-hundred day moving average is $10.68. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 292.88 and a beta of 0.72. Viant Technology Inc. has a 12-month low of $5.48 and a 12-month high of $17.70.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its position in Viant Technology by 379.0% during the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after buying an additional 14,835 shares during the period. Heron Bay Capital Management acquired a new stake in shares of Viant Technology in the 1st quarter worth approximately $243,000. Quadrature Capital Ltd increased its stake in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after purchasing an additional 20,668 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in Viant Technology during the second quarter worth $111,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.