Clarity Capital Partners LLC Makes New Investment in Veritone, Inc. (NASDAQ:VERI)

Clarity Capital Partners LLC acquired a new stake in Veritone, Inc. (NASDAQ:VERI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,300 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Management Group Inc. lifted its position in Veritone by 18.6% in the third quarter. Private Management Group Inc. now owns 2,891,845 shares of the company’s stock worth $10,382,000 after purchasing an additional 452,861 shares during the period. GSA Capital Partners LLP raised its stake in shares of Veritone by 559.7% in the 3rd quarter. GSA Capital Partners LLP now owns 108,614 shares of the company’s stock worth $390,000 after buying an additional 92,150 shares in the last quarter. Bfsg LLC lifted its holdings in shares of Veritone by 13.4% in the third quarter. Bfsg LLC now owns 23,450 shares of the company’s stock valued at $84,000 after buying an additional 2,775 shares during the period. Benjamin Edwards Inc. bought a new position in Veritone during the third quarter valued at about $65,000. Finally, Vanguard Capital Wealth Advisors grew its holdings in Veritone by 136.1% during the third quarter. Vanguard Capital Wealth Advisors now owns 70,600 shares of the company’s stock worth $253,000 after acquiring an additional 40,700 shares during the period. Institutional investors and hedge funds own 39.18% of the company’s stock.

Analyst Ratings Changes

VERI has been the subject of a number of research analyst reports. D. Boral Capital assumed coverage on shares of Veritone in a report on Monday, February 3rd. They issued a “buy” rating and a $4.50 price target for the company. 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 research note on Wednesday, October 30th.

Veritone Stock Up 2.4 %

Shares of Veritone stock opened at $3.37 on Thursday. Veritone, Inc. has a 12-month low of $1.65 and a 12-month high of $7.76. The stock’s fifty day moving average is $2.95 and its 200-day moving average is $3.17.

Insiders Place Their Bets

In related news, Director Chad Steelberg sold 504,657 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were 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 owns 31,861 shares of the company’s stock, valued at approximately $80,289.72. This trade represents a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.60% of the company’s stock.

About Veritone

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.