Potential Veritone, Inc. (NASDAQ:VERI) shareholders may wish to note that the President & Director, Ryan Steelberg, recently bought US$388k worth of stock, paying US$6.84 for each share. Although the purchase only increased their holding by 2.5%, it is still a solid purchase in our view.

View our latest analysis for Veritone

Veritone Insider Transactions Over The Last Year

In fact, the recent purchase by Ryan Steelberg was the biggest purchase of Veritone shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$7.14 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Veritone insiders bought shares during the last year, they didn't sell. They paid about US$8.36 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Veritone

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 14% of Veritone shares, worth about US$37m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Veritone Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Veritone we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 3 warning signs for Veritone you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.