Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden Sells 13,265 Shares of Stock

Viant Technology Inc. (NASDAQ:DSP) CFO Larry Madden sold 13,265 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $173,506.20. Following the completion of the sale, the chief financial officer now directly owns 436,261 shares of the company’s stock, valued at $5,706,293.88. This represents a 2.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Viant Technology Stock Performance

Viant Technology stock opened at $12.63 on Friday. The business’s 50-day simple moving average is $13.88 and its 200-day simple moving average is $16.88. The firm has a market capitalization of $790.22 million, a PE ratio of 210.54 and a beta of 1.14. Viant Technology Inc. has a 52 week low of $8.70 and a 52 week high of $26.33.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in shares of Viant Technology in the fourth quarter worth about $27,000. Summit Investment Advisors Inc. increased its stake in Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares during the period. Quantbot Technologies LP bought a new position in Viant Technology during the fourth quarter valued at about $80,000. Wells Fargo & Company MN increased its stake in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock valued at $168,000 after acquiring an additional 3,829 shares during the period. Finally, Walleye Capital LLC bought a new position in Viant Technology during the fourth quarter valued at about $193,000. 11.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DSP has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research report on Wednesday, May 7th. Finally, Raymond James reduced their price target on Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $21.00.

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.