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Multiple insiders secured a larger position in Viant Technology Inc. (NASDAQ:DSP) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Viant Technology
The Last 12 Months Of Insider Transactions At Viant Technology
In the last twelve months, the biggest single purchase by an insider was when Independent Director Elizabeth Williams bought US$625k worth of shares at a price of US$25.00 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$12.43). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 25.75k shares worth US$644k. But insiders sold 18.40k shares worth US$230k. In total, Viant Technology insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Viant Technology is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at Viant Technology Have Sold Stock Recently
The last quarter saw substantial insider selling of Viant Technology shares. In total, Chief Financial Officer Lawrence Madden sold US$230k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
Does Viant Technology Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Viant Technology insiders own 0.7% of the company, worth about US$4.9m. I generally like to see higher levels of ownership.
So What Do The Viant Technology Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. In contrast, they appear keener if you look at the last twelve months. But we'd like it if insiders owned more stock, overall. So we can't be sure that insiders are optimistic. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Viant Technology and we suggest you have a look.