Ryan Steelberg Purchases 15,420 Shares of Veritone, Inc. (NASDAQ:VERI) Stock

Veritone, Inc. (NASDAQ:VERIGet 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.

Veritone (NASDAQ:VERIGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.31. Veritone had a negative net margin of 40.29% and a negative return on equity of 72.24%. The business had revenue of $34.24 million for the quarter, compared to analyst estimates of $37.72 million. Sell-side analysts predict that Veritone, Inc. will post -0.86 EPS for the current year.

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.

About Veritone

(Get Rating)

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.

Featured Stories

Insider Buying and Selling by Quarter for Veritone (NASDAQ:VERI)

Receive News & Ratings for Veritone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related companies with MarketBeat.com's FREE daily email newsletter.