D. E. Shaw & Co. Inc. Has $116,000 Holdings in Veritone, Inc. (NASDAQ:VERI)

D. E. Shaw & Co. Inc. decreased its stake in Veritone, Inc. (NASDAQ:VERI - Free Report) by 81.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,244 shares of the company's stock after selling 151,780 shares during the period. D. E. Shaw & Co. Inc. owned 0.09% of Veritone worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VERI. Clarity Capital Partners LLC acquired a new stake in shares of Veritone in the fourth quarter valued at about $34,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Veritone in the fourth quarter valued at about $66,000. LPL Financial LLC acquired a new stake in shares of Veritone in the fourth quarter valued at about $48,000. Geode Capital Management LLC increased its stake in shares of Veritone by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 377,056 shares of the company's stock valued at $1,237,000 after buying an additional 13,397 shares during the period. Finally, Barclays PLC increased its stake in shares of Veritone by 514.0% in the fourth quarter. Barclays PLC now owns 37,536 shares of the company's stock valued at $124,000 after buying an additional 31,423 shares during the period. Institutional investors and hedge funds own 39.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Veritone from $3.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. HC Wainwright reissued a "buy" rating and issued a $6.00 price target on shares of Veritone in a research note on Monday, March 17th. D. Boral Capital reaffirmed a "buy" rating and set a $4.50 target price on shares of Veritone in a research note on Monday, April 28th. Finally, LADENBURG THALM/SH SH began coverage on Veritone in a research note on Monday, March 17th. They set a "buy" rating and a $6.00 target price for the company.

Veritone Trading Down 7.0%

NASDAQ VERI traded down $0.11 during trading hours on Monday, hitting $1.46. 1,140,537 shares of the company's stock were exchanged, compared to its average volume of 744,740. The stock has a 50-day simple moving average of $2.02 and a 200 day simple moving average of $2.56. Veritone, Inc. has a 1-year low of $1.46 and a 1-year high of $5.64. The firm has a market cap of $66.13 million, a price-to-earnings ratio of -0.68 and a beta of 3.06.

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.