Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 25,376 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $281,673.60. Following the transaction, the chief financial officer owned 459,155 shares in the company, valued at approximately $5,096,620.50. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.
• On Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total transaction of $197,531.74.
• On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The stock was sold at an average price of $11.85, for a total transaction of $219,675.30.
• On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The stock was sold at an average price of $10.16, for a total transaction of $129,865.12.
• On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The stock was sold at an average price of $10.74, for a total transaction of $142,444.62.
• On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The stock was sold at an average price of $10.91, for a total transaction of $144,917.53.
• On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The stock was sold at an average price of $11.31, for a total transaction of $82,529.07.

Viant Technology Price Performance

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Shares of Viant Technology stock opened at $11.11 on Tuesday. The stock has a market cap of $728.04 million, a price-to-earnings ratio of 30.86 and a beta of 1.04. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $15.18. The firm's 50-day moving average is $11.22 and its two-hundred day moving average is $11.21.

Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. On average, equities analysts expect that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

DSP has been the subject of several analyst reports. Weiss Ratings lowered shares of Viant Technology from a "hold (c)" rating to a "sell (d+)" rating in a research report on Wednesday, May 13th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th. DA Davidson increased their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, May 12th. B. Riley Financial increased their price target on shares of Viant Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $18.00.

Check Out Our Latest Research Report on DSP

Hedge Funds Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. raised its position in shares of Viant Technology by 16.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company's stock valued at $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Royce & Associates LP raised its position in shares of Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company's stock valued at $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Viant Technology by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company's stock valued at $5,945,000 after purchasing an additional 12,683 shares during the last quarter. Millennium Management LLC raised its position in shares of Viant Technology by 91.2% in the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company's stock valued at $5,177,000 after purchasing an additional 205,160 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock valued at $5,036,000 after purchasing an additional 22,857 shares during the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Company Profile

(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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