Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden Sells 67,243 Shares

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 67,243 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the completion of the sale, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. The trade was a 12.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Larry Madden also recently made the following trade(s):

• On Monday, November 18th, Larry Madden sold 22,504 shares of Viant Technology stock. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12.
• On Monday, October 28th, Larry Madden sold 1,498 shares of Viant Technology stock. The shares were sold at an average price of $11.57, for a total transaction of $17,331.86.
• On Friday, October 11th, Larry Madden sold 2,768 shares of Viant Technology stock. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64.
• On Wednesday, October 9th, Larry Madden sold 1,953 shares of Viant Technology stock. The stock was sold at an average price of $11.19, for a total value of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The shares were sold at an average price of $11.05, for a total value of $34,078.20.
• On Friday, September 20th, Larry Madden sold 1,116 shares of Viant Technology stock. The shares were sold at an average price of $11.02, for a total transaction of $12,298.32.

Viant Technology Stock Up 8.4 %

DSP traded up $1.36 during trading hours on Monday, hitting $17.57. 403,103 shares of the company’s stock were exchanged, compared to its average volume of 126,483. Viant Technology Inc. has a 1-year low of $5.48 and a 1-year high of $17.70. The stock’s 50-day moving average is $11.82 and its two-hundred day moving average is $10.68. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 292.88 and a beta of 0.72.

Analysts Set New Price Targets

DSP has been the subject of several recent research reports. Craig Hallum upped their target price on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JMP Securities lifted their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Finally, Needham & Company LLC lifted their target price on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.86.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after buying an additional 6,803 shares during the last quarter. Barclays PLC raised its position in shares of Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. State Street Corp raised its holdings in Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. Martingale Asset Management L P acquired a new position in shares of Viant Technology in the third quarter valued at approximately $254,000. Finally, FMR LLC increased its stake in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the period. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.