Insider Selling: Viant Technology Inc. (NASDAQ:DSP) CFO Sells 22,504 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 22,504 shares of Viant Technology stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the completion of the transaction, the chief financial officer now directly owns 392,634 shares in the company, valued at $6,686,557.02. This trade represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, November 14th, Larry Madden sold 67,243 shares of Viant Technology stock. The shares were 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 stock was sold at an average price of $11.57, for a total value 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 value of $31,084.64.
• On Wednesday, October 9th, Larry Madden sold 1,953 shares of Viant Technology stock. The shares were sold at an average price of $11.19, for a total transaction of $21,854.07.
• On Monday, September 23rd, Larry Madden sold 3,084 shares of Viant Technology stock. The stock was sold at an average price of $11.05, for a total transaction 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 Trading Up 3.7 %

DSP opened at $18.22 on Wednesday. The company has a market cap of $1.15 billion, a P/E ratio of 303.67 and a beta of 0.72. The company has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $10.75. Viant Technology Inc. has a 1-year low of $5.48 and a 1-year high of $18.58.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after purchasing an additional 16,784 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $4,045,000 after acquiring an additional 6,803 shares in the last quarter. State Street Corp lifted its position in shares of Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after purchasing an additional 1,722 shares in the last quarter. Martingale Asset Management L P purchased a new position in Viant Technology during the third quarter worth about $254,000. Finally, FMR LLC grew its position in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares in the last quarter. Institutional investors 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.