Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viant Technology Inc shares valued at $17,339 were sold by MADDEN LARRY on Oct 28 ’24. At $11.57 per share, MADDEN LARRY sold 1,498 shares. The insider’s holdings dropped to 528,350 shares worth approximately $8.7 million following the completion of this transaction.
Also, MADDEN LARRY sold 2,768 shares, netting a total of over 31,098 in proceeds. Following the sale of shares at $11.23 each, the insider now holds 529,848 shares.
Before that, MADDEN LARRY had sold 1,953 shares from its account. In a trade valued at $21,859, the Chief Financial Officer traded Viant Technology Inc shares for $11.19 each. Upon closing the transaction, the insider’s holdings decreased to 1,953 shares, worth approximately $8.78 million.
As published in a research note from Canaccord Genuity on November 13, 2024, Viant Technology Inc [DSP] has been rated up from a Hold to a Buy and the price target has been revised to $18 from $13. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early March. As of October 18, 2022, Craig Hallum has initiated its “Buy” rating for DSP.
Analyzing DSP Stock Performance
During the last five days, there has been a surge of approximately 29.61%. Over the course of the year, Viant Technology Inc shares have jumped approximately 138.90%. Shares of the company reached a 52-week high of $16.97 on 11/13/24 and a 52-week low of $6.31 on 01/02/24. A 50-day SMA is recorded $11.45, while a 200-day SMA reached $10.16. Nevertheless, trading volume fell to 0.71 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Viant Technology Inc (DSP)
According to the 24-hour chart, there is a support level at 15.49, which, if violated, would cause prices to drop to 14.52. In the upper region, resistance lies at 17.20. The next price resistance is at 17.94. RSI (Relative Strength Index) is 87.46 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.93, which suggests the price will increase in the coming days. Percent R is at 8.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
