Sapphire Ventures L.L.C. Purchases New Holdings in Telaria Inc (TLRA)

Sapphire Ventures L.L.C. purchased a new stake in Telaria Inc (NYSE:TLRA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 400,000 shares of the software maker’s stock, valued at approximately $1,516,000. Telaria accounts for about 1.8% of Sapphire Ventures L.L.C.’s investment portfolio, making the stock its 4th largest holding.

A number of other large investors have also recently made changes to their positions in TLRA. Millennium TVP Management Co. LLC bought a new stake in shares of Telaria during the third quarter worth approximately $1,395,000. Wells Fargo & Company MN bought a new stake in shares of Telaria during the third quarter worth approximately $158,000. Acadian Asset Management LLC boosted its holdings in shares of Telaria by 4.4% during the third quarter. Acadian Asset Management LLC now owns 439,639 shares of the software maker’s stock worth $1,666,000 after acquiring an additional 18,359 shares during the period. Strs Ohio bought a new stake in shares of Telaria during the third quarter worth approximately $503,000. Finally, Millennium Management LLC bought a new stake in shares of Telaria during the first quarter worth approximately $2,026,000. 42.16% of the stock is owned by hedge funds and other institutional investors.

Shares of TLRA stock opened at $3.29 on Friday. The company has a market capitalization of $159.72 million, a P/E ratio of -8.44 and a beta of 1.73. Telaria Inc has a 1 year low of $2.19 and a 1 year high of $5.30.

Telaria (NYSE:TLRA) last issued its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $13.16 million. Telaria had a negative return on equity of 15.53% and a net margin of 4.35%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, research analysts predict that Telaria Inc will post -0.25 EPS for the current year.

A number of brokerages have recently issued reports on TLRA. B. Riley began coverage on Telaria in a report on Thursday, October 18th. They set a “buy” rating and a $4.00 price objective for the company. TheStreet cut Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Finally, Canaccord Genuity reduced their price objective on Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 5th. Four investment analysts have rated the stock with a buy rating, Telaria has a consensus rating of “Buy” and an average target price of $5.67.

In related news, major shareholder Vii Lp Canaan sold 113,062 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $3.53, for a total value of $399,108.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 892,922 shares of company stock valued at $3,011,832. 3.40% of the stock is currently owned by corporate insiders.

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Telaria Company Profile

Telaria, Inc, a software company, operates a programmatic, self-service, seller platform to monetize and manage premium video content across various Internet-connected screens and devices in the United States. Its platform enables publishers to optimize and automate their video advertising sales; and manage their inventory across sales channels, devices, and platforms.

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Institutional Ownership by Quarter for Telaria (NYSE:TLRA)

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