Larry Madden Sells 1,116 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 1,116 shares of Viant Technology stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $11.02, for a total value of $12,298.32. Following the completion of the sale, the chief financial officer now directly owns 541,518 shares in the company, valued at approximately $5,967,528.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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.

Viant Technology Trading Up 1.0 %

NASDAQ:DSP traded up $0.11 during midday trading on Tuesday, hitting $11.18. 61,536 shares of the company traded hands, compared to its average volume of 128,302. Viant Technology Inc. has a 12-month low of $4.98 and a 12-month high of $12.36. The firm has a market capitalization of $709.87 million, a P/E ratio of -93.17 and a beta of 0.74. The firm’s fifty day moving average is $10.70 and its 200-day moving average is $10.01.

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

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in DSP. Allspring Global Investments Holdings LLC purchased a new position in Viant Technology during the second quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Viant Technology in the 2nd quarter valued at $84,000. Summit Global Investments bought a new position in shares of Viant Technology in the 2nd quarter worth $111,000. Mackenzie Financial Corp bought a new position in shares of Viant Technology in the 2nd quarter worth $112,000. Finally, Algert Global LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth $128,000. Institutional investors own 11.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DSP. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group restated a “hold” rating and set a $11.00 target price on shares of Viant Technology in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.