Key Points
- CFO Larry Madden sold 1,658 shares on March 13 at an average price of $13.03 for $21,603.74, leaving him with 368,607 shares valued at about $4.80 million (a 0.45% reduction); the sale was disclosed on an SEC Form 4.
- He has made multiple recent insider sales: 4,224 shares on Jan 22 at $13.09 and 13,477 shares on Dec 17 at $11.70, signaling repeated disposals this period.
- Stock and analyst context: DSP trades near $11.75 with a $733.6M market cap, a 50-day/200-day MA of $10.98/$10.34, and a consensus analyst rating of "Buy" with a $18.13 average target (targets as high as $20 were issued).
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 1,658 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $13.03, for a total value of $21,603.74. Following the completion of the sale, the chief financial officer owned 368,607 shares in the company, valued at approximately $4,802,949.21. This represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Larry Madden also recently made the following trade(s):
- On Thursday, January 22nd, Larry Madden sold 4,224 shares of Viant Technology stock. The stock was sold at an average price of $13.09, for a total transaction of $55,292.16.
- On Wednesday, December 17th, Larry Madden sold 13,477 shares of Viant Technology stock. The shares were sold at an average price of $11.70, for a total value of $157,680.90.
Viant Technology Stock Performance
Shares of NASDAQ:DSP opened at $11.75 on Wednesday. The business has a 50 day moving average of $10.98 and a two-hundred day moving average of $10.34. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $16.25. The company has a market capitalization of $733.60 million, a PE ratio of 36.72 and a beta of 1.05.
Analyst Ratings Changes
DSP has been the topic of a number of research analyst reports. Freedom Capital raised shares of Viant Technology to a "strong-buy" rating in a research note on Tuesday, March 10th. B. Riley Financial reissued a "buy" rating and set a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a research report on Thursday, March 12th. Finally, Wall Street Zen raised Viant Technology from a "hold" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $18.13.
Check Out Our Latest Report on DSP
Hedge Funds Weigh In On Viant Technology
Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Viant Technology during the third quarter worth approximately $31,000. Russell Investments Group Ltd. grew its holdings in Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company's stock worth $32,000 after acquiring an additional 1,228 shares in the last quarter. CWM LLC increased its position in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company's stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company's stock valued at $35,000 after purchasing an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Viant Technology in the 4th quarter valued at $64,000. 11.38% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
