Veritone Inc (NASDAQ:VERI) Insider Ryan Steelberg Purchases 33,244 Shares

Veritone Inc (NASDAQ:VERI) insider Ryan Steelberg acquired 33,244 shares of Veritone stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $7.49 per share, for a total transaction of $248,997.56. Following the completion of the transaction, the insider now directly owns 30,671 shares in the company, valued at $229,725.79. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ryan Steelberg also recently made the following trade(s):

  • On Thursday, May 30th, Ryan Steelberg acquired 25,201 shares of Veritone stock. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $249,237.89.
  • On Friday, May 17th, Ryan Steelberg acquired 30,376 shares of Veritone stock. The stock was purchased at an average cost of $8.20 per share, for a total transaction of $249,083.20.

Shares of NASDAQ:VERI traded up $0.63 during trading on Monday, reaching $8.12. 379,957 shares of the company were exchanged, compared to its average volume of 519,449. The company has a market capitalization of $152.37 million, a price-to-earnings ratio of -2.33 and a beta of 1.59. The business’s fifty day simple moving average is $7.75. Veritone Inc has a 12-month low of $3.65 and a 12-month high of $24.00.



Veritone (NASDAQ:VERI) last issued its earnings results on Wednesday, May 8th. The company reported ($0.48) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.89) by $0.41. The business had revenue of $12.13 million for the quarter, compared to analyst estimates of $11.58 million. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The company’s quarterly revenue was up 176.3% compared to the same quarter last year. During the same period last year, the company posted ($0.81) earnings per share. On average, equities analysts expect that Veritone Inc will post -3.27 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Barclays PLC increased its position in shares of Veritone by 2,915.0% during the fourth quarter. Barclays PLC now owns 7,447 shares of the company’s stock worth $28,000 after acquiring an additional 7,200 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Veritone during the fourth quarter worth approximately $52,000. GSA Capital Partners LLP increased its position in shares of Veritone by 69.4% during the fourth quarter. GSA Capital Partners LLP now owns 43,200 shares of the company’s stock worth $164,000 after acquiring an additional 17,700 shares during the period. First Trust Advisors LP increased its position in shares of Veritone by 74.0% during the fourth quarter. First Trust Advisors LP now owns 44,634 shares of the company’s stock worth $170,000 after acquiring an additional 18,983 shares during the period. Finally, Vanguard Capital Wealth Advisors bought a new position in shares of Veritone during the first quarter valued at approximately $187,000. 17.93% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Veritone from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. JMP Securities assumed coverage on shares of Veritone in a research report on Wednesday, April 3rd. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Veritone in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Veritone currently has a consensus rating of “Hold” and a consensus price target of $12.75.

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About Veritone

Veritone, Inc provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence.

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