Key Points
- CFO Larry Madden sold 27,451 Viant Technology shares at an average price of $13.06, generating approximately $358,510. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 6.45% to 398,371 shares.
- Viant shares were trading at $12.98, up 4.0%, with a market capitalization of about $863 million. The company recently reported a quarterly EPS loss of $0.03, missing estimates, despite revenue of $88.54 million exceeding expectations.
- Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of $18.33; several firms recently raised their targets to between $17.00 and $24.00. Institutional investors own 11.38% of the company.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 27,451 shares of Viant Technology stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total transaction of $358,510.06. Following the sale, the chief financial officer directly owned 398,371 shares of the company's stock, valued at approximately $5,202,725.26. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Thursday, July 23rd, Larry Madden sold 2,814 shares of Viant Technology stock. The stock was sold at an average price of $10.69, for a total value of $30,081.66.
- On Wednesday, July 8th, Larry Madden sold 11,273 shares of Viant Technology stock. The stock was 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 shares were 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 shares were 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 shares were sold at an average price of $11.10, for a total transaction of $281,673.60.
- On Monday, June 8th, Larry Madden sold 14,670 shares of Viant Technology stock. The stock was sold at an average price of $12.10, for a total transaction of $177,507.00.
- 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 transaction of $228,435.12.
Viant Technology Trading Up 4.0%
Shares of NASDAQ:DSP opened at $12.98 on Friday. The firm has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $11.33. Viant Technology Inc. has a twelve month low of $8.11 and a twelve month high of $14.80. The company has a market capitalization of $862.78 million, a PE ratio of 41.87 and a beta of 1.08.
Viant Technology (NASDAQ:DSP - Get Free Report) last posted 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 2.24% and a return on equity of 4.38%. The company had revenue of $88.54 million during the quarter, compared to analysts' expectations of $50.13 million. As a group, equities research analysts predict that Viant Technology Inc. will post -0.19 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DSP has been the subject of a number of research analyst reports. Citizens Jmp upped their target price on Viant Technology from $16.00 to $17.00 and gave the company a "market outperform" rating in a research report on Tuesday. Wall Street Zen cut Viant Technology from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. DA Davidson increased their price target on Viant Technology from $16.50 to $17.50 and gave the stock a "buy" rating in a report on Tuesday. Citigroup reaffirmed a "market outperform" rating on shares of Viant Technology in a report on Tuesday. Finally, Rosenblatt Securities lifted their price target on Viant Technology from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Viant Technology presently has an average rating of "Buy" and a consensus price target of $18.33.
View Our Latest Stock Report on DSP
Institutional Investors Weigh In On Viant Technology
Several institutional investors have recently modified their holdings of DSP. Globeflex Capital L P acquired a new stake in shares of Viant Technology in the 2nd quarter worth approximately $1,316,000. Bank of New York Mellon Corp acquired a new position in Viant Technology during the second quarter worth $609,000. Versant Capital Management Inc raised its holdings in Viant Technology by 202.3% during the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company's stock worth $35,000 after purchasing an additional 1,855 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Viant Technology by 81.6% during the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company's stock worth $699,000 after purchasing an additional 28,052 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company's stock worth $15,088,000 after purchasing an additional 190,248 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company's stock.
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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