20 hedge funds buy Veritone, Inc. (VERI) for the first time

Veritone, Inc. (NASDAQ:VERI) has made a 192.91% comeback from a 12-month low price of $7.76. It was seen -5.13% lower, changing the price to $22.73, when the closing bell rang on 12/01/2017. At recent session, the prices were hovering between $22.51 and $24.8535. This company shares are 62.78% off its target price of $37 and the current market capitalization stands at $341.86M. The recent change has given its price a -35.98% deficit over SMA 50 and -69.66% deficit over its 52-week high. The stock witnessed -35% declines, 39.36% gains and 73.91% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VERI’s volatility during a week at 14.55% and during a month it has been found around 13.74%.

Veritone, Inc. (VERI) Top Holders

Institutional investors currently hold around $21 million or 33.7% in VERI stock. Look at its top three institutional owners. Uniplan Investment Counsel, Inc. owns $6.29 million in Veritone, Inc., which represents roughly 1.84% of the company’s market cap and approximately 29.93% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 181,995 shares of the stock are valued at $4.14 million. The third largest holder is Vanguard Group Inc, which currently holds $2.81 million worth of this stock and that ownership represents nearly 0.82% of its market capitalization.

Veritone, Inc. 13F Filings

At the end of 9/30/2017 reporting period, 31 institutional holders increased their position in Veritone, Inc. (NASDAQ:VERI) by some 437,492 shares, 17 decreased positions by 808,600 and 5 held positions by -335,418. That puts total institutional holdings at 910,674 shares, according to SEC filings. The stock grabbed 20 new institutional investments totaling 201,005 shares while 11 institutional investors sold out their entire positions totaling 557,090 shares.

Veritone, Inc. (NASDAQ:VERI) Insider Trades

Multiple company employees have indulged in significant insider trading. Veritone, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Graziadio G Louis Iii has acquired 24,780 shares of Veritone, Inc. (VERI) in trading session dated May. 16, 2017. These shares are worth $289,183 and were traded at $11.67 each. The SEC filing shows that Graziadio G Louis Iii performed a purchase of 12,150 shares. The Director added these shares by way of transaction on May. 15, 2017. The company’s shares were assimilated at $10.61 per share worth to an investment of some $128,912 on account of Graziadio G Louis Iii.

Director, Graziadio G Louis Iii, purchased 220,174 common shares of Veritone, Inc. (VERI) in the open market. In a transaction dated May. 12, 2017, the shares were bought at an average price of $15.19, giving away a sum of $3,344,443. After this purchase, 217,674 common shares of VERI are directly owned by the insider, with total stake valued at $4,947,730.

In the transaction dated May. 12, 2017, the great number of shares acquired came courtesy the Director; Graziadio G Louis Iii added a total of 79,826 shares at an average price of $14.64, amounting to approximately $1,168,653. The insider now directly owns 79,826 shares worth $1,814,445.

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