Renaissance Technologies LLC acquired a new position in Veritone, Inc. (NASDAQ:VERI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 358,900 shares of the company’s stock, valued at approximately $811,000. Renaissance Technologies LLC owned about 0.95% of Veritone at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in VERI. Vanguard Group Inc. grew its holdings in shares of Veritone by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 2,703,417 shares of the company’s stock worth $14,220,000 after acquiring an additional 138,194 shares during the last quarter. Private Management Group Inc. raised its position in Veritone by 30.7% during the second quarter. Private Management Group Inc. now owns 2,438,984 shares of the company’s stock valued at $5,512,000 after buying an additional 572,422 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Veritone in the 2nd quarter worth about $62,000. Summit Securities Group LLC acquired a new stake in Veritone during the 2nd quarter worth about $58,000. Finally, Bfsg LLC grew its stake in Veritone by 31.6% during the 2nd quarter. Bfsg LLC now owns 20,675 shares of the company’s stock valued at $47,000 after acquiring an additional 4,960 shares in the last quarter. 39.18% of the stock is currently owned by institutional investors.
Veritone Price Performance
Shares of VERI opened at $3.73 on Tuesday. The company has a debt-to-equity ratio of 9.02, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $140.93 million, a price-to-earnings ratio of -1.70 and a beta of 3.30. The business’s 50-day moving average is $3.19 and its 200-day moving average is $3.38. Veritone, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $7.76.
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.
Featured Articles
- Five stocks we like better than Veritone
- ESG Stocks, What Investors Should Know
- Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out
- Election Stocks: How Elections Affect the Stock Market
- Affirm’s Path to Profitability Elevates with Interest Rate Cuts
- Manufacturing Stocks Investing
- RPM International Thrives in Rate-Cut Driven Construction Rally
Receive News & Ratings for Veritone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related companies with MarketBeat.com's FREE daily email newsletter.