Varonis Systems Inc (NASDAQ: VRNS) is -4.64% lower on its value in year-to-date trading and has touched a low of $22.34 and a high of $52.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRNS stock was last observed hovering at around $43.51 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $43.18, the stock is -7.01% and -10.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing -0.76% at the moment leaves the stock 11.73% off its SMA200. VRNS registered 69.27% gain for a year compared to 6-month gain of 27.56%.
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The stock witnessed a -11.61% loss in the last 1 month and extending the period to 3 months gives it a -2.77%, and is -5.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 2.80% over the month.
Varonis Systems Inc (VRNS) has around 2233 employees, a market worth around $4.71B and $499.16M in sales. Fwd P/E is 178.95. Profit margin for the company is -20.22%. Distance from 52-week low is 93.26% and -18.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.75%).
The EPS is expected to shrink by -65.12% this year
The shares outstanding are 109.10M, and float is at 104.50M with Short Float at 6.59%.
Varonis Systems Inc (VRNS) Insider Activity
The most recent transaction is an insider sale by Iohan Gili, the company’s Director. SEC filings show that Iohan Gili sold 19,500 shares of the company’s common stock on Feb 29 ’24 at a price of $50.54 per share for a total of $0.99 million. Following the sale, the insider now owns 19263.0 shares.
Varonis Systems Inc disclosed in a document filed with the SEC on Feb 12 ’24 that Kess Avrohom J. (Director) bought a total of 230 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $51.75 per share for $11902.0. Following the transaction, the insider now directly holds 23262.0 shares of the VRNS stock.
Still, SEC filings show that on Feb 09 ’24, Bass David (EVP Engineering and CTO) disposed off 13,675 shares at an average price of $51.58 for $0.71 million. The insider now directly holds 637,997 shares of Varonis Systems Inc (VRNS).
