Larry Madden Sells 22,504 Shares of Viant Technology Inc. (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 22,504 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.03, for a total value of $383,243.12. Following the completion of the transaction, the chief financial officer now owns 392,634 shares of the company’s stock, valued at $6,686,557.02. This represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 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 value 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.
• 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 transaction of $34,078.20.
• On Friday, September 20th, Larry Madden sold 1,116 shares of Viant Technology stock. The stock was sold at an average price of $11.02, for a total transaction of $12,298.32.

Viant Technology Price Performance

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after acquiring an additional 66,509 shares during the period. Quadrature Capital Ltd boosted its holdings in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after purchasing an additional 20,668 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth approximately $1,387,000. Acadian Asset Management LLC increased its holdings in shares of Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Viant Technology in the second quarter valued at approximately $84,000. Institutional investors and hedge funds 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.