Clarity Capital Partners LLC Acquires New Position in Veritone, Inc. (NASDAQ:VERI)

Clarity Capital Partners LLC bought a new position in shares of Veritone, Inc. (NASDAQ:VERI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,300 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in shares of Veritone during the 3rd quarter valued at approximately $65,000. Bfsg LLC increased its stake in Veritone by 13.4% during the third quarter. Bfsg LLC now owns 23,450 shares of the company’s stock valued at $84,000 after purchasing an additional 2,775 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Veritone during the third quarter worth $132,000. Vanguard Capital Wealth Advisors lifted its position in shares of Veritone by 136.1% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 70,600 shares of the company’s stock worth $253,000 after buying an additional 40,700 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings 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 valued at $390,000 after buying an additional 92,150 shares during the period. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Trading Up 2.4 %

Shares of NASDAQ:VERI opened at $3.37 on Thursday. The company’s 50-day moving average price is $2.95 and its 200 day moving average price is $3.17. Veritone, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $7.76.

Insider Buying and Selling at Veritone

In related news, 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 value of $1,271,735.64. Following the completion of the transaction, the director now directly owns 31,861 shares of the company’s stock, valued at $80,289.72. This represents a 94.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 26.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VERI. UBS Group upgraded shares of Veritone from a “sell” rating to a “neutral” rating and set a $3.50 price objective on the stock in a research note on Wednesday, October 30th. D. Boral Capital began coverage on Veritone in a report on Monday, February 3rd. They issued a “buy” rating and a $4.50 price target on the stock.

Veritone 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.