Key Points
- Larry Madden, Viant's CFO, sold 13,477 shares on Dec. 17 at an average price of $11.70 for $157,680.90, reducing his stake by 3.18% to 409,778 shares (valued at about $4.79M).
- Shares opened at $11.91 and were trading up roughly 3.2%, with a 12‑month range of $8.11–$26.33 and a market cap of about $743.6 million.
- Viant missed quarterly EPS estimates ($0.12 vs. $0.15) while revenue was roughly in line, and analysts maintain an average "Buy" rating with a consensus target price of $18.50.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 13,477 shares of the company's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total value of $157,680.90. Following the completion of the transaction, the chief financial officer owned 409,778 shares in the company, valued at $4,794,402.60. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Viant Technology Trading Up 3.2%
Shares of DSP opened at $11.91 on Friday. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $26.33. The company has a market cap of $743.59 million, a PE ratio of 108.28 and a beta of 1.05. The stock has a 50-day moving average price of $9.90 and a 200-day moving average price of $11.04.
Viant Technology (NASDAQ:DSP - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $85.58 million during the quarter, compared to the consensus estimate of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. As a group, analysts predict that Viant Technology Inc. will post -0.39 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on DSP shares. Citigroup restated a "market outperform" rating on shares of Viant Technology in a research report on Tuesday, November 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Viant Technology in a research report on Wednesday, October 8th. B. Riley reaffirmed a "buy" rating and set a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. DA Davidson increased their price objective on Viant Technology from $15.00 to $15.50 and gave the company a "buy" rating in a research report on Tuesday, November 11th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $18.50.
Check Out Our Latest Report on Viant Technology
Hedge Funds Weigh In On Viant Technology
Large investors have recently bought and sold shares of the stock. Deutsche Bank AG boosted its stake in shares of Viant Technology by 331.8% during the first quarter. Deutsche Bank AG now owns 73,494 shares of the company's stock valued at $912,000 after purchasing an additional 56,473 shares during the period. Nuveen LLC purchased a new stake in Viant Technology during the 1st quarter valued at $495,000. Whetstone Capital Advisors LLC bought a new stake in Viant Technology in the 1st quarter worth $1,472,000. Martingale Asset Management L P grew its holdings in Viant Technology by 4.9% in the 1st quarter. Martingale Asset Management L P now owns 28,353 shares of the company's stock worth $352,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Trexquant Investment LP increased its position in shares of Viant Technology by 58.5% in the first quarter. Trexquant Investment LP now owns 102,649 shares of the company's stock valued at $1,274,000 after acquiring an additional 37,881 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.
Viant Technology Company Profile
(
Get Free Report)
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.
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