Virtu Financial LLC bought a new stake in Veritone Inc (NASDAQ:VERI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 14,376 shares of the company’s stock, valued at approximately $334,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp purchased a new position in shares of Veritone in the second quarter worth $269,000. Vanguard Group Inc. purchased a new position in shares of Veritone during the second quarter worth $132,000. Bank of New York Mellon Corp purchased a new position in shares of Veritone during the third quarter worth $666,000. Quantbot Technologies LP purchased a new position in shares of Veritone during the third quarter worth $263,000. Finally, SG Americas Securities LLC purchased a new position in shares of Veritone during the third quarter worth $132,000. Institutional investors own 9.94% of the company’s stock.
In related news, CFO Peter F. Collins bought 10,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $141,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Veritone Inc (NASDAQ VERI) opened at $14.52 on Monday. Veritone Inc has a 52-week low of $7.76 and a 52-week high of $74.92.
Veritone (NASDAQ:VERI) last announced its earnings results on Monday, February 26th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.24). Veritone had a negative net margin of 413.52% and a negative return on equity of 252.85%. The company had revenue of $3.49 million during the quarter, compared to analyst estimates of $4.41 million. During the same quarter last year, the business earned ($4.12) EPS. The firm’s revenue for the quarter was up 75.4% compared to the same quarter last year. sell-side analysts forecast that Veritone Inc will post -2.92 earnings per share for the current year.
Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
Want to see what other hedge funds are holding VERI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veritone Inc (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.