Banta Asset Mgmt. Holds 3.2M Veritone Shares as of Dec 31

TL;DR

**Banta Asset Management still holds a big chunk of Veritone, showing continued institutional interest.**

AI Summary

Banta Asset Management, LP, a California-based investment firm, filed an amendment (SC 13G/A) on January 11, 2024, disclosing its ownership in Veritone, Inc. As of December 31, 2023, Banta beneficially owned 3,198,610 shares of Veritone's common stock. This represents a significant holding, with Banta having sole voting and dispositive power over 2,360,846 shares and shared power over 837,764 shares. This matters to investors because it shows a major institutional investor's continued, albeit slightly adjusted, confidence in Veritone, Inc., potentially influencing market perception and stock stability.

Why It Matters

This filing indicates a significant institutional investor's stake in Veritone, Inc., which can signal confidence or a potential shift in their investment strategy, impacting the stock's perceived value.

Risk Assessment

Risk Level: low — This filing is an update on an existing stake, not a new, aggressive position or a complete divestment, suggesting stability.

Analyst Insight

Investors should note Banta Asset Management's continued significant stake in Veritone, Inc. and monitor future filings for any substantial changes, as large institutional holdings can influence stock stability and investor sentiment.

Key Numbers

• 3,198,610 — Aggregate Shares Beneficially Owned (Total common shares of Veritone, Inc. held by Banta Asset Management, LP as of December 31, 2023.)
• 2,360,846 — Sole Voting Power Shares (Number of shares over which Banta Asset Management, LP has exclusive voting control.)
• 837,764 — Shared Voting Power Shares (Number of shares over which Banta Asset Management, LP shares voting control with others.)

Key Players & Entities

• Banta Asset Management, LP (company) — the reporting person and institutional investor
• Veritone, Inc. (company) — the subject company whose shares are being reported
• Stephen M. Banta (person) — likely a principal of Banta Asset Management, LP
• 3,198,610 (dollar_amount) — aggregate shares beneficially owned by Banta Asset Management, LP
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Banta Asset Management, LP will maintain a significant stake in Veritone, Inc. throughout 2024. (Banta Asset Management, LP) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• veria9_11824.htm (SC 13G/A) — 25KB
• 0001085146-24-000220.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Veritone Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2420 17th St. Office 3002 Denver, Colorado 80202

(a)

ITEM 2(a). NAME OF PERSON FILING: Banta Asset Management, LP

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 517 30th Street Newport Beach, CA 92663

(c)

ITEM 2(c). CITIZENSHIP: US

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON

(e)

ITEM 2(e). CUSIP NUMBER: 92347M100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 3,198,610 (b) Percent of class: 8.63% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Banta Asset Management, LP : (ii) shared power to vote or to direct the vote: Banta Asset Management, LP : (iii) sole power to dispose or direct the disposition of: Banta Asset Management, LP : (iv) shared power to dispose or to direct the disposition of: Banta Asset Management, LP : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting pers

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