Sapphire Ventures L.L.C. Invests $1.52 Million in Telaria Inc (TLRA) Stock

Sapphire Ventures L.L.C. acquired a new stake in Telaria Inc (NYSE:TLRA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 400,000 shares of the software maker’s stock, valued at approximately $1,516,000. Telaria comprises 1.8% of Sapphire Ventures L.L.C.’s holdings, making the stock its 4th largest position. Sapphire Ventures L.L.C. owned 0.76% of Telaria as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in Telaria in the 1st quarter valued at about $2,026,000. Dimensional Fund Advisors LP purchased a new stake in shares of Telaria during the 1st quarter worth approximately $2,014,000. Acadian Asset Management LLC increased its stake in shares of Telaria by 4.4% during the 3rd quarter. Acadian Asset Management LLC now owns 439,639 shares of the software maker’s stock worth $1,666,000 after purchasing an additional 18,359 shares during the last quarter. Millennium TVP Management Co. LLC purchased a new stake in shares of Telaria during the 3rd quarter worth approximately $1,395,000. Finally, BlackRock Inc. purchased a new stake in shares of Telaria during the 1st quarter worth approximately $632,000. Hedge funds and other institutional investors own 42.16% of the company’s stock.

In other news, major shareholder Vii Lp Canaan sold 113,062 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $3.53, for a total transaction of $399,108.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 892,922 shares of company stock valued at $3,011,832. 3.40% of the stock is currently owned by company insiders.

TLRA has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Telaria in a research note on Thursday, October 18th. They set a “buy” rating and a $4.00 price target for the company. TheStreet lowered shares of Telaria from a “c-” rating to a “d+” rating in a research note on Thursday, October 25th. Finally, Canaccord Genuity decreased their price target on shares of Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, October 5th. Four analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $5.67.

Shares of TLRA stock opened at $3.29 on Friday. Telaria Inc has a 12-month low of $2.19 and a 12-month high of $5.30. The company has a market cap of $159.72 million, a PE ratio of -8.44 and a beta of 1.73.

Telaria (NYSE:TLRA) last issued its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Telaria had a net margin of 4.35% and a negative return on equity of 15.53%. The company had revenue of $13.48 million during the quarter, compared to analyst estimates of $13.16 million. During the same quarter last year, the business posted ($0.06) EPS. Telaria’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that Telaria Inc will post -0.25 earnings per share for the current year.

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About Telaria

Telaria, Inc, a software company, operates a programmatic, self-service, seller platform to monetize and manage premium video content across various Internet-connected screens and devices in the United States. Its platform enables publishers to optimize and automate their video advertising sales; and manage their inventory across sales channels, devices, and platforms.

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Institutional Ownership by Quarter for Telaria (NYSE:TLRA)

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