Veritone, Inc. (NASDAQ:VERI – Get Rating) President Ryan Steelberg purchased 15,420 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average price of $6.98 per share, for a total transaction of $107,631.60. Following the transaction, the president now owns 165,422 shares of the company’s stock, valued at approximately $1,154,645.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ryan Steelberg also recently made the following trade(s):
- On Tuesday, September 13th, Ryan Steelberg purchased 35,367 shares of Veritone stock. The shares were purchased at an average price of $6.82 per share, for a total transaction of $241,202.94.
Veritone Stock Performance
Shares of NASDAQ VERI opened at $7.14 on Friday. The company’s 50-day simple moving average is $7.22 and its 200-day simple moving average is $10.05. Veritone, Inc. has a 52-week low of $5.72 and a 52-week high of $37.14. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.79.
Analyst Ratings Changes
Separately, Bank of America lowered shares of Veritone from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.50.
Institutional Trading of Veritone
Several institutional investors have recently modified their holdings of VERI. Bank of America Corp DE grew its position in shares of Veritone by 3,267.9% in the fourth quarter. Bank of America Corp DE now owns 420,249 shares of the company’s stock valued at $9,447,000 after purchasing an additional 407,771 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Veritone by 96.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 10,149 shares of the company’s stock worth $228,000 after buying an additional 4,988 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Veritone in the fourth quarter worth about $87,000. Renaissance Technologies LLC lifted its stake in shares of Veritone by 165.3% in the fourth quarter. Renaissance Technologies LLC now owns 137,700 shares of the company’s stock worth $3,095,000 after buying an additional 85,800 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its stake in shares of Veritone by 50.6% in the fourth quarter. ClariVest Asset Management LLC now owns 91,581 shares of the company’s stock worth $2,058,000 after buying an additional 30,774 shares in the last quarter. Institutional investors and hedge funds own 44.27% of the company’s stock.
Veritone, Inc, together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data.
- Get a free copy of the StockNews.com research report on Veritone (VERI)
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