Viant Technology Inc (DSP, Financial), a company specializing in advertising software, recently saw a significant insider transaction. Larry Madden, the Chief Financial Officer of the company, sold 1,498 shares on October 28, 2024. The transaction was filed with the SEC and can be viewed in detail here.
Following this sale, the insider now owns 528,350 shares of Viant Technology Inc (DSP, Financial). The shares were sold at a price of $11.57 each. This sale is part of a broader trend observed over the past year, where the insider has sold a total of 21,432 shares and made no purchases.
The company's market cap stands at $193.872 million, reflecting its size and the scale of operations in the advertising technology sector. Viant Technology Inc is known for its platform that enables marketers to plan, buy, and measure their advertising across most channels.
Regarding the stock's valuation, Viant Technology Inc is currently trading at a price significantly above its GF Value of $5.51, with a price-to-GF-Value ratio of 2.1, indicating that the stock is Significantly Overvalued. The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with an adjustment factor based on past returns and growth, and future business performance estimates from analysts.
Insider transaction trends for Viant Technology Inc (DSP, Financial) over the past year show no insider purchases but four insider sales, suggesting a possible cautious stance from insiders about the company's current stock valuation.
This recent sale by CFO Larry Madden could be a point of interest for investors, especially considering the stock's current valuation relative to its GF Value. Investors and analysts will likely watch closely for any further insider transactions or significant changes in the company's fundamentals.
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