BlackRock Amends Veritone Stake, Files SC 13G/A
Ticker: VERI · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1615165
| Field | Detail |
|---|---|
| Company | Veritone, Inc. (VERI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Veritone stake, a routine institutional filing.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 31, 2024, disclosing its ownership of Veritone, Inc. common stock as of December 31, 2023. This amendment (Amendment No. 3) indicates a change in BlackRock's beneficial ownership, which is a routine update for large institutional investors. For investors, this filing confirms BlackRock's continued, albeit potentially adjusted, stake in Veritone, signaling their ongoing interest in the company's performance.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant position in Veritone, Inc., which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not inherently signal a significant positive or negative event for the company.
Analyst Insight
Investors should note BlackRock's continued presence as a shareholder, but this filing alone doesn't provide enough detail to warrant immediate action. Further analysis of BlackRock's specific ownership percentage (not detailed in this excerpt) and Veritone's financial performance would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Veritone, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the date the SC 13G/A was filed
- 92347M100 (other) — the CUSIP number for Veritone, Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is Veritone, Inc., as stated under '(Name of Issuer) Veritone, Inc.' and in the 'SUBJECT COMPANY' section.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the document.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding Veritone, Inc. (VERI).