Commonwealth Equity Services LLC lifted its holdings in Veritone, Inc. (NASDAQ:VERI) by 19.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,546 shares of the company’s stock after purchasing an additional 2,060 shares during the period. Commonwealth Equity Services LLC’s holdings in Veritone were worth $300,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in VERI. Meeder Asset Management Inc. bought a new position in Veritone in the 1st quarter worth $45,000. Advisory Services Network LLC raised its holdings in Veritone by 28.9% in the 4th quarter. Advisory Services Network LLC now owns 4,461 shares of the company’s stock worth $127,000 after acquiring an additional 1,000 shares during the period. Citigroup Inc. raised its holdings in Veritone by 300.9% in the 4th quarter. Citigroup Inc. now owns 4,506 shares of the company’s stock worth $128,000 after acquiring an additional 3,382 shares during the period. Stratos Wealth Partners LTD. bought a new position in Veritone in the 4th quarter worth $204,000. Finally, Trexquant Investment LP bought a new position in shares of Veritone during the 4th quarter worth about $302,000. 47.13% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:VERI opened at $20.86 on Friday. Veritone, Inc. has a 52 week low of $6.63 and a 52 week high of $50.34. The company has a market capitalization of $681.79 million, a P/E ratio of -9.44 and a beta of 3.20. The firm has a 50 day moving average price of $21.75.
Veritone Company Profile
Veritone, Inc, together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. The company develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as cognitive queries, predictions, correlations, and analyses in real-time using AI models in various categories comprising transcription, face recognition, and object recognition to reveal valuable insights from vast amounts of structured and unstructured data.
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