Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 14,670 shares of Viant Technology stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.10, for a total value of $177,507.00. Following the completion of the transaction, the chief financial officer owned 484,531 shares of the company's stock, valued at $5,862,825.10. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The stock was sold at an average price of $12.24, for a total value of $228,435.12.
- On Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total value of $197,531.74.
- On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The stock was sold at an average price of $11.85, for a total value of $219,675.30.
- On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The stock was sold at an average price of $10.16, for a total value of $129,865.12.
- On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The stock was sold at an average price of $10.74, for a total value of $142,444.62.
- On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The stock was sold at an average price of $10.91, for a total value of $144,917.53.
- On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The shares were sold at an average price of $11.31, for a total value of $82,529.07.
- 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 value of $21,603.74.
Viant Technology Stock Down 0.2%
Shares of DSP stock opened at $12.09 on Tuesday. The business has a 50 day moving average of $11.18 and a two-hundred day moving average of $11.16. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18. The company has a market cap of $792.26 million, a P/E ratio of 33.58 and a beta of 1.04.
Viant Technology (NASDAQ:DSP - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.11). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The company had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Analysts expect that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DSP. Royal Bank of Canada increased its holdings in shares of Viant Technology by 246.4% in the first quarter. Royal Bank of Canada now owns 29,213 shares of the company's stock valued at $363,000 after buying an additional 20,779 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Viant Technology by 303.6% in the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company's stock valued at $587,000 after buying an additional 35,578 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company's stock valued at $1,691,000 after buying an additional 59,323 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Viant Technology during the 2nd quarter valued at $166,000. Finally, Geode Capital Management LLC raised its stake in Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock valued at $5,036,000 after purchasing an additional 22,857 shares during the period. Institutional investors own 11.38% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on DSP shares. Weiss Ratings downgraded Viant Technology from a "hold (c)" rating to a "sell (d+)" rating in a research note on Wednesday, May 13th. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. DA Davidson boosted their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. B. Riley Financial boosted their price objective on Viant Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Finally, Freedom Capital upgraded Viant Technology to a "strong-buy" rating in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Viant Technology has a consensus rating of "Buy" and a consensus price target of $18.00.
Get Our Latest Stock Report on DSP
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.
Read More
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].
