Key Points
- CFO Larry Madden sold 7,297 shares on April 6 at an average price of $11.31 for proceeds of $82,529, trimming his stake by 1.22% to 593,027 shares; the sale was executed under a pre-arranged Rule 10b5-1 plan and disclosed to the SEC.
- Viant (NASDAQ:DSP) shares opened at $10.94, have traded between $8.11 and $16.25 over the past year, carry a market cap of about $693M and a P/E of ~34, with 50- and 200-day moving averages near $10.7.
- Analysts skew positive with an average consensus rating of Buy and a $17.71 average price target, while institutional ownership is roughly 11.4% with several funds (e.g., Royce, Millennium, Renaissance) recently increasing positions.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 7,297 shares of the business's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $11.31, for a total transaction of $82,529.07. Following the sale, the chief financial officer owned 593,027 shares of the company's stock, valued at approximately $6,707,135.37. The trade was a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Larry Madden also recently made the following trade(s):
- On Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The shares were sold at an average price of $13.03, for a total transaction of $21,603.74.
- On Thursday, January 22nd, Larry Madden sold 4,224 shares of Viant Technology stock. The shares were sold at an average price of $13.09, for a total transaction of $55,292.16.
Viant Technology Stock Performance
Shares of DSP opened at $10.94 on Wednesday. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $16.25. The company has a market cap of $693.05 million, a price-to-earnings ratio of 34.19 and a beta of 0.94. The firm has a fifty day moving average of $10.69 and a 200-day moving average of $10.47.
Institutional Investors Weigh In On Viant Technology
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. raised its position in Viant Technology by 3.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company's stock worth $10,352,000 after acquiring an additional 44,357 shares in the last quarter. Royce & Associates LP lifted its stake in Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company's stock valued at $10,981,000 after buying an additional 382,664 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Viant Technology by 2.6% during the fourth quarter. Renaissance Technologies LLC now owns 493,800 shares of the company's stock valued at $5,945,000 after buying an additional 12,683 shares in the last quarter. Millennium Management LLC lifted its stake in Viant Technology by 91.2% during the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company's stock valued at $5,177,000 after buying an additional 205,160 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Viant Technology by 6.4% during the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock valued at $5,036,000 after buying an additional 22,857 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. DA Davidson reissued a "buy" rating and set a $15.50 price target on shares of Viant Technology in a report on Thursday, March 12th. Freedom Capital raised shares of Viant Technology to a "strong-buy" rating in a report on Tuesday, March 10th. Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.71.
View Our Latest Research Report on Viant Technology
Viant Technology Company Profile
(
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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