Insider Selling: Viant Technology Inc. (NASDAQ:DSP) CFO Sells 14,284 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the completion of the sale, the chief financial officer now owns 358,624 shares of the company’s stock, valued at $6,727,786.24. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, December 4th, Larry Madden sold 14,284 shares of Viant Technology stock. The stock was sold at an average price of $19.51, for a total value of $278,680.84.
• 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 value of $383,243.12.
• On Thursday, November 14th, Larry Madden sold 67,243 shares of Viant Technology stock. The stock was sold at an average price of $15.19, for a total value of $1,021,421.17.
• 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 stock was 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 transaction of $21,854.07.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $19.37 on Friday. The business’s fifty day moving average price is $17.61 and its two-hundred day moving average price is $13.11. Viant Technology Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $21.74. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00.

Analyst Ratings Changes

DSP has been the topic of a number of recent analyst reports. JMP Securities lifted their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC upped their price target on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Scotiabank initiated coverage on Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective on the stock. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has an average rating of “Buy” and a consensus price target of $17.75.

Institutional Investors Weigh In On Viant Technology

Hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after buying an additional 1,722 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Viant Technology by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock worth $419,000 after acquiring an additional 2,070 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Viant Technology by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after acquiring an additional 2,915 shares during the last quarter. FMR LLC increased its holdings in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Viant Technology in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

About Viant Technology

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.