Viant Technology Inc. (NASDAQ:DSP - Get Free Report) CFO Larry Madden sold 1,953 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $11.19, for a total value of $21,854.07. Following the completion of the transaction, the chief financial officer now owns 533,705 shares of the company's stock, valued at $5,972,158.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Larry Madden also recently made the following trade(s):
Shares of NASDAQ:DSP traded up $0.12 during trading on Friday, reaching $11.25. The stock had a trading volume of 54,337 shares, compared to its average volume of 123,998. Viant Technology Inc. has a 52 week low of $4.98 and a 52 week high of $12.36. The firm's fifty day moving average is $10.59 and its 200 day moving average is $10.08. The stock has a market cap of $711 million, a price-to-earnings ratio of -225.00 and a beta of 0.74.
Viant Technology (NASDAQ:DSP - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). Viant Technology had a negative net margin of 0.33% and a negative return on equity of 7.39%. The firm had revenue of $41.56 million for the quarter, compared to the consensus estimate of $41.10 million. On average, research analysts forecast that Viant Technology Inc. will post -0.37 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in DSP. G2 Investment Partners Management LLC boosted its holdings in shares of Viant Technology by 11.6% during the 4th quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company's stock worth $2,969,000 after buying an additional 44,779 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Viant Technology by 4.4% during the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company's stock valued at $431,000 after acquiring an additional 1,699 shares during the period. Acadian Asset Management LLC boosted its stake in Viant Technology by 379.0% during the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company's stock worth $198,000 after acquiring an additional 14,835 shares in the last quarter. Heron Bay Capital Management acquired a new stake in Viant Technology in the first quarter worth $243,000. Finally, Quadrature Capital Ltd increased its stake in Viant Technology by 39.0% in the first 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 in the last quarter. 11.38% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the stock. Canaccord Genuity Group restated a "hold" rating and issued a $11.00 price target on shares of Viant Technology in a research report on Tuesday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 target price on shares of Viant Technology in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.80.
View Our Latest Stock Report on DSP
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.
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