Key Points
- Viant Technology CFO Larry Madden sold 2,814 shares at an average price of $10.69, generating $30,081.66. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 425,822 shares.
- Madden has made several additional stock sales since May, including more than 50,000 shares in early July, indicating a pattern of insider selling.
- Viant shares opened at $11.36, while analysts maintain an overall “Buy” rating with an average price target of $18.00. The company recently missed quarterly EPS estimates despite reporting revenue above expectations.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 2,814 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $10.69, for a total value of $30,081.66. Following the completion of the sale, the chief financial officer owned 425,822 shares in the company, valued at $4,552,037.18. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The shares were sold at an average price of $12.69, for a total value of $143,054.37.
- On Tuesday, July 7th, Larry Madden sold 9,149 shares of Viant Technology stock. The stock was sold at an average price of $12.86, for a total value of $117,656.14.
- On Monday, July 6th, Larry Madden sold 10,097 shares of Viant Technology stock. The stock was sold at an average price of $12.78, for a total value of $129,039.66.
- On Monday, June 15th, Larry Madden sold 25,376 shares of Viant Technology stock. The stock was sold at an average price of $11.10, for a total value of $281,673.60.
- On Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The shares were sold at an average price of $12.10, for a total value of $177,507.00.
- On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The shares were 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 shares were 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 transaction of $219,675.30.
Viant Technology Price Performance
NASDAQ:DSP opened at $11.36 on Wednesday. Viant Technology Inc. has a one year low of $8.11 and a one year high of $15.06. The company has a market cap of $744.42 million, a P/E ratio of 31.56 and a beta of 1.03. The firm's fifty day moving average price is $11.91 and its two-hundred day moving average price is $11.29.
Viant Technology (NASDAQ:DSP - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, equities research analysts expect that Viant Technology Inc. will post -0.18 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on DSP. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Weiss Ratings cut Viant Technology from a "hold (c)" rating to a "sell (d+)" rating in a report on Wednesday, May 13th. Wall Street Zen downgraded Viant Technology from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. B. Riley Financial increased their target price on Viant Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Finally, DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, May 12th. 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $18.00.
Get Our Latest Research Report on Viant Technology
Hedge Funds Weigh In On Viant Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company's stock valued at $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC increased its position in 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 acquiring an additional 2,267 shares during the period. Versant Capital Management Inc raised its stake in shares of Viant Technology by 202.3% during the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company's stock valued at $35,000 after acquiring an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Viant Technology by 620.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company's stock valued at $35,000 after acquiring an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Viant Technology during the fourth quarter worth $64,000. Institutional investors own 11.38% of the company's stock.
Viant Technology Company Profile
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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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