Viant Technology Inc. (NASDAQ:DSP – Get Free Report) CFO Larry Madden sold 14,670 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.10, for a total value of $177,507.00. Following the completion of the transaction, the chief financial officer directly owned 484,531 shares of the company’s stock, valued at approximately $5,862,825.10. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Larry Madden also recently made the following trade(s):
- On Friday, June 5th, Larry Madden sold 18,663 shares of Viant Technology stock. The shares were sold at an average price of $12.24, for a total value of $228,435.12.
- On Monday, May 11th, Larry Madden sold 17,297 shares of Viant Technology stock. The shares were sold at an average price of $11.42, for a total value of $197,531.74.
- On Friday, May 8th, Larry Madden sold 18,538 shares of Viant Technology stock. The shares were sold at an average price of $11.85, for a total value of $219,675.30.
- On Thursday, April 23rd, Larry Madden sold 12,782 shares of Viant Technology stock. The shares were sold at an average price of $10.16, for a total value of $129,865.12.
- On Wednesday, April 22nd, Larry Madden sold 13,263 shares of Viant Technology stock. The shares were sold at an average price of $10.74, for a total value of $142,444.62.
- On Tuesday, April 21st, Larry Madden sold 13,283 shares of Viant Technology stock. The shares were sold at an average price of $10.91, for a total value of $144,917.53.
- On Monday, April 6th, Larry Madden sold 7,297 shares of Viant Technology stock. The shares were sold at an average price of $11.31, for a total value of $82,529.07.
- On Friday, March 13th, Larry Madden sold 1,658 shares of Viant Technology stock. The shares were sold at an average price of $13.03, for a total value of $21,603.74.
Viant Technology Stock Down 1.7%
Viant Technology stock opened at $11.88 on Wednesday. The business has a 50 day moving average price of $11.20 and a two-hundred day moving average price of $11.17. The stock has a market cap of $778.50 million, a price-to-earnings ratio of 33.00 and a beta of 1.04. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18.
Institutional Investors Weigh In On Viant Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after purchasing an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after purchasing an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after purchasing an additional 2,122 shares in the last quarter. Finally, CWM LLC increased its holdings in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DSP has been the subject of a number of recent research reports. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Loop Capital set a $14.50 target price on Viant Technology in a report on Tuesday, March 10th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. DA Davidson increased their target price on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial increased their target price on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.
Check Out Our Latest Stock Analysis on DSP
About Viant Technology
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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