Viant Technology Director Trades $153K In Company Stock

A substantial insider sell was reported on December 9, by Max O Valdes, Director at Viant Technology DSP, based on the recent SEC filing.

What Happened: Valdes's recent Form 4 filing with the U.S. Securities and Exchange Commission on Monday unveiled the sale of 7,500 shares of Viant Technology. The total transaction value is $153,828.

During Tuesday's morning session, Viant Technology shares down by 0.0%, currently priced at $20.64.

Discovering Viant Technology: A Closer Look

Viant Technology Inc is an advertising software company. The software enables the programmatic purchase of advertising, which is the electronification of the advertising buying process. Through the technology, a marketer can easily buy ads on desktop, mobile, connected TV, linear TV, streaming audio and digital billboards.

Key Indicators: Viant Technology's Financial Health

Revenue Growth: Viant Technology displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 34.13%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Evaluating Earnings Performance:

• Gross Margin: The company shows a low gross margin of 44.2%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.

• Earnings per Share (EPS): With an EPS below industry norms, Viant Technology exhibits below-average bottom-line performance with a current EPS of 0.09.

Debt Management: Viant Technology's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.45, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Valuation Metrics: A Closer Look

• Price to Earnings (P/E) Ratio: Viant Technology's current Price to Earnings (P/E) ratio of 258.0 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.

• Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.26, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With a below-average EV/EBITDA ratio of 9.69, Viant Technology presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

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Understanding the Significance of Insider Transactions

Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.

From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.

A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.

While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.

Transaction Codes To Focus On

When dissecting transactions, the focal point for investors is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Viant Technology's Insider Trades.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.