General Catalyst Group Management LLC Invests $5.29 Million in Telaria Inc (TLRA)

General Catalyst Group Management LLC purchased a new position in Telaria Inc (NYSE:TLRA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,395,709 shares of the software maker’s stock, valued at approximately $5,290,000. Telaria comprises about 18.5% of General Catalyst Group Management LLC’s holdings, making the stock its 2nd biggest position. General Catalyst Group Management LLC owned 2.64% of Telaria at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American International Group Inc. purchased a new stake in Telaria during the third quarter valued at about $110,000. Rhumbline Advisers purchased a new stake in Telaria during the third quarter valued at about $146,000. Wells Fargo & Company MN purchased a new stake in Telaria during the third quarter valued at about $158,000. Granite Investment Partners LLC purchased a new stake in Telaria during the third quarter valued at about $415,000. Finally, Strs Ohio purchased a new stake in Telaria during the third quarter valued at about $503,000. 43.28% of the stock is currently owned by institutional investors.

Shares of Telaria stock opened at $3.00 on Monday. The stock has a market capitalization of $148.71 million, a PE ratio of -7.69 and a beta of 1.97. Telaria Inc has a 12-month low of $2.19 and a 12-month high of $5.30.

Telaria (NYSE:TLRA) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm 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 13.71% and a negative net margin of 23.18%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS. As a group, research analysts predict that Telaria Inc will post -0.23 EPS for the current year.

In other Telaria news, major shareholder Vii Lp Canaan sold 252,020 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $2.72, for a total value of $685,494.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Lowy purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $2.98 per share, with a total value of $59,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,000 shares of company stock valued at $84,530 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Several equities research analysts have commented on the stock. B. Riley assumed coverage on shares of Telaria in a report on Thursday, October 18th. They set a “buy” rating and a $4.00 price objective on the stock. TheStreet downgraded shares of Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Finally, Canaccord Genuity lowered their price target on shares of Telaria from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, October 5th. Four equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $5.67.

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About Telaria

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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