Veritone, Inc. (NASDAQ:VERI) Director Sells $1,271,735.64 in Stock

Veritone, Inc. (NASDAQ:VERI) Director Chad Steelberg sold 504,657 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $2.52, for a total transaction of $1,271,735.64. Following the completion of the transaction, the director now owns 31,861 shares in the company, valued at $80,289.72. This trade represents a 94.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Veritone Price Performance

NASDAQ VERI opened at $2.18 on Friday. The business’s fifty day moving average is $3.19 and its 200 day moving average is $3.07. Veritone, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $7.76. The company has a debt-to-equity ratio of 9.02, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $83.52 million, a PE ratio of -1.01 and a beta of 3.21.

Analyst Ratings Changes

Separately, UBS Group raised shares of Veritone from a “sell” rating to a “neutral” rating and set a $3.50 target price for the company in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VERI. Point72 DIFC Ltd purchased a new stake in Veritone in the 2nd quarter worth approximately $42,000. Ground Swell Capital LLC bought a new position in shares of Veritone in the second quarter worth approximately $43,000. Bfsg LLC increased its stake in shares of Veritone by 31.6% in the second quarter. Bfsg LLC now owns 20,675 shares of the company’s stock worth $47,000 after purchasing an additional 4,960 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Veritone during the 2nd quarter valued at $58,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Veritone during the 2nd quarter valued at $62,000. Institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.