Key Points
- CFO Larry Madden sold 4,224 shares on January 22 at an average price of $13.09 for $55,292, leaving him with 405,554 shares (a 1.03% reduction); he also sold 13,477 shares on December 17 at $11.70 for roughly $157,681.
- Viant opened at $12.60 (50‑day SMA $11.51, 200‑day SMA $10.73) with a 12‑month range of $8.11–$26.33, a market cap of about $786.62M and a P/E of 114.56, and carries a consensus Buy rating with an average price target of $18.50.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 4,224 shares of the business's stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $13.09, for a total value of $55,292.16. Following the completion of the sale, the chief financial officer owned 405,554 shares of the company's stock, valued at approximately $5,308,701.86. This represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Larry Madden also recently made the following trade(s):
- On Wednesday, December 17th, Larry Madden sold 13,477 shares of Viant Technology stock. The stock was sold at an average price of $11.70, for a total transaction of $157,680.90.
Viant Technology Price Performance
Shares of Viant Technology stock opened at $12.60 on Tuesday. The firm's fifty day simple moving average is $11.51 and its 200-day simple moving average is $10.73. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $26.33. The stock has a market capitalization of $786.62 million, a price-to-earnings ratio of 114.56 and a beta of 1.03.
Viant Technology (NASDAQ:DSP - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $85.58 million for the quarter, compared to analysts' expectations of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. Analysts anticipate that Viant Technology Inc. will post -0.39 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Viant Technology in the third quarter worth $31,000. CWM LLC grew its stake in shares of Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company's stock worth $34,000 after purchasing an additional 2,267 shares during the period. AlphaQuest LLC increased its holdings in shares of Viant Technology by 287.6% in the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company's stock valued at $61,000 after purchasing an additional 3,443 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Viant Technology in the fourth quarter valued at about $64,000. Finally, BNP Paribas Financial Markets boosted its holdings in Viant Technology by 433.7% during the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company's stock worth $69,000 after buying an additional 6,454 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company's stock.
Analysts Set New Price Targets
DSP has been the subject of a number of recent research reports. DA Davidson increased their price objective on Viant Technology from $15.00 to $15.50 and gave the stock a "buy" rating in a research report on Tuesday, November 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Viant Technology in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Viant Technology from a "buy" rating to a "hold" rating in a research report on Saturday, October 25th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, B. Riley restated a "buy" rating and issued a $16.50 target price (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Viant Technology presently has a consensus rating of "Buy" and an average price target of $18.50.
Read Our Latest Stock Report on DSP
About Viant Technology
(
Get Free Report)
Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.
Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.
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