D. Boral Capital started coverage on shares of Veritone (NASDAQ:VERI – Free Report) in a report released on Monday, MarketBeat reports. The brokerage issued a buy rating and a $4.50 price objective on the stock.
Separately, UBS Group upgraded Veritone from a “sell” rating to a “neutral” rating and set a $3.50 target price for the company in a research note on Wednesday, October 30th.
View Our Latest Stock Analysis on VERI
Veritone Trading Up 7.5 %
Insider Activity at Veritone
In other Veritone news, Director Chad Steelberg sold 504,657 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $2.52, for a total value of $1,271,735.64. Following the completion of the transaction, the director now directly owns 31,861 shares in the company, valued at approximately $80,289.72. This trade represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.60% of the stock is currently owned by insiders.
Institutional Trading of Veritone
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bfsg LLC boosted its position in Veritone by 13.4% during the 3rd quarter. Bfsg LLC now owns 23,450 shares of the company’s stock worth $84,000 after buying an additional 2,775 shares during the period. Clarity Capital Partners LLC acquired a new position in shares of Veritone during the fourth quarter worth $34,000. Benjamin Edwards Inc. bought a new stake in shares of Veritone in the third quarter worth $65,000. XTX Topco Ltd bought a new stake in shares of Veritone in the 3rd quarter valued at about $132,000. Finally, Vanguard Capital Wealth Advisors increased its stake in shares of Veritone by 136.1% in the third quarter. Vanguard Capital Wealth Advisors now owns 70,600 shares of the company’s stock valued at $253,000 after buying an additional 40,700 shares during the period. 39.18% of the stock is currently owned by institutional investors.
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.
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