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Varonis Systems Inc (VRNS) Looks Ready for Growth Despite -5.70% Change This Year

Varonis Systems Inc (NASDAQ: VRNS) is -5.70% lower on its value in year-to-date trading and has touched a low of $24.66 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 $42.36 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $42.70, the stock is -2.29% and -4.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.80% at the moment leaves the stock 3.00% off its SMA200. VRNS registered 65.25% gain for a year compared to 6-month gain of -1.84%.

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The stock witnessed a -5.51% loss in the last 1 month and extending the period to 3 months gives it a -13.98%, and is 1.28% up 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 2.37% over the week and 2.70% over the month.

Varonis Systems Inc (VRNS) has around 2233 employees, a market worth around $4.76B and $505.85M in sales. Fwd P/E is 164.97. Profit margin for the company is -20.38%. Distance from 52-week low is 73.15% and -19.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.72%).

The EPS is expected to shrink by -55.83% this year.

Varonis Systems Inc (VRNS) Top Institutional Holders

The shares outstanding are 109.10M, and float is at 107.62M with Short Float at 6.99%.

Varonis Systems Inc (VRNS) Insider Activity

The most recent transaction is an insider sale by Faitelson Yakov,the company’sCEO, President, Chairman. SEC filings show that Faitelson Yakov sold 47,457 shares of the company’s common stock on May 10 ’24 at a price of $44.53 per share for a total of $2.11 million. Following the sale, the insider now owns 1.45 million shares.

Varonis Systems Inc disclosed in a document filed with the SEC on May 09 ’24 that Faitelson Yakov (CEO, President, Chairman) sold a total of 284,211 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $45.23 per share for $12.86 million. Following the transaction, the insider now directly holds 1.45 million shares of the VRNS stock.

Still, SEC filings show that on Feb 29 ’24, Iohan Gili (Director) disposed off 19,500 shares at an average price of $50.54 for $0.99 million. The insider now directly holds 19,263 shares of Varonis Systems Inc (VRNS).

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