Veritone (NASDAQ:VERI) CEO Ryan Steelberg Purchases 148,810 Shares of Stock

Posted by George Bondi on Aug 25th, 2026

Veritone, Inc. (NASDAQ:VERI – Get Free Report) CEO Ryan Steelberg acquired 148,810 shares of the stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $0.85 per share, with a total value of $126,488.50. Following the completion of the purchase, the chief executive officer owned 730,284 shares of the company’s stock, valued at approximately $620,741.40. The trade was a 25.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Veritone Stock Down 0.4%

Shares of NASDAQ:VERI opened at $0.86 on Tuesday. The stock has a market cap of $86.01 million, a price-to-earnings ratio of -2.25 and a beta of 2.29. Veritone, Inc. has a 12-month low of $0.80 and a 12-month high of $9.42. The business’s 50 day moving average is $1.20 and its 200 day moving average is $1.97.

Veritone (NASDAQ:VERI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Veritone had a negative return on equity of 159.15% and a negative net margin of 111.90%.The business had revenue of $24.26 million during the quarter, compared to analyst estimates of $28.29 million.

Wall Street Analyst Weigh In

VERI has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Veritone from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. UBS Group initiated coverage on Veritone in a research report on Monday, June 1st. They issued a “neutral” rating and a $2.50 price objective on the stock. Needham & Company LLC decreased their price target on shares of Veritone to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Veritone from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.12.

Read Our Latest Stock Analysis on VERI

Institutional Trading of Veritone

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Veritone by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after purchasing an additional 19,597 shares in the last quarter. Vanguard Group Inc. increased its stake in Veritone by 63.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock valued at $13,275,000 after purchasing an additional 1,065,460 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Veritone in the third quarter worth about $82,000. Franklin Resources Inc. purchased a new position in Veritone in the third quarter worth about $50,000. Finally, Marshall Wace LLP lifted its stake in shares of Veritone by 16,314.3% in the third quarter. Marshall Wace LLP now owns 1,676,397 shares of the company’s stock worth $8,080,000 after buying an additional 1,666,184 shares in the last quarter. Hedge funds and other institutional investors own 39.18% of the company’s stock.

About Veritone

(Get Free Report)

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.