Veritone Inc (VERI) Director Purchases $50,500.00 in Stock

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Veritone Inc (NASDAQ:VERI) Director G Louis Graziadio III purchased 5,000 shares of Veritone stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average cost of $10.10 per share, with a total value of $50,500.00. Following the acquisition, the director now directly owns 98,308 shares of the company’s stock, valued at approximately $992,910.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

G Louis Graziadio III also recently made the following trade(s):

  • On Friday, August 31st, G Louis Graziadio III acquired 5,000 shares of Veritone stock. The shares were purchased at an average price of $10.44 per share, for a total transaction of $52,200.00.

Shares of NASDAQ VERI opened at $10.41 on Friday. Veritone Inc has a 52-week low of $10.00 and a 52-week high of $74.92. The company has a market cap of $186.16 million, a price-to-earnings ratio of -2.27 and a beta of -1.85.

Veritone (NASDAQ:VERI) last announced its quarterly earnings data on Monday, August 13th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.85) by ($0.03). Veritone had a negative net margin of 377.44% and a negative return on equity of 102.30%. The firm had revenue of $4.20 million for the quarter, compared to analyst estimates of $4.92 million. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. equities research analysts expect that Veritone Inc will post -3.21 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in Veritone by 32.1% during the second quarter. Bank of New York Mellon Corp now owns 23,679 shares of the company’s stock valued at $398,000 after buying an additional 5,754 shares in the last quarter. Global X Management Co LLC acquired a new stake in Veritone during the second quarter valued at approximately $989,000. Jane Street Group LLC acquired a new stake in Veritone during the second quarter valued at approximately $298,000. Herald Investment Management Ltd raised its stake in Veritone by 125.0% during the second quarter. Herald Investment Management Ltd now owns 90,000 shares of the company’s stock valued at $1,510,000 after buying an additional 50,000 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Veritone by 19.7% during the second quarter. Raymond James & Associates now owns 20,475 shares of the company’s stock valued at $344,000 after buying an additional 3,375 shares in the last quarter. Hedge funds and other institutional investors own 16.81% of the company’s stock.

VERI has been the topic of several research reports. B. Riley cut their price objective on Veritone and set a “sell” rating on the stock in a research note on Tuesday, August 14th. BidaskClub cut Veritone from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Roth Capital cut their price objective on Veritone from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Veritone currently has an average rating of “Hold” and a consensus target price of $21.60.

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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