Verint Systems, Inc (NASDAQ: VRNT) is -4.92% lower on its value in year-to-date trading and has touched a low of $20.89 and a high of $38.17 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 VRNT stock was last observed hovering at around $24.93 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $25.70, the stock is 12.62% and 6.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 3.09% at the moment leaves the stock -14.17% off its SMA200. VRNT registered 20.43% gain for a year compared to 6-month loss of -22.14%. The firm has a 50-day simple moving average (SMA 50) of $24.0646 and a 200-day simple moving average (SMA200) of $29.94285.
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The stock witnessed a 9.74% gain in the last 1 month and extending the period to 3 months gives it a -22.33%, and is 8.48% 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 3.18% over the week and 2.81% over the month.
Verint Systems, Inc (VRNT) has around 3700 employees, a market worth around $1.59B and $915.10M in sales. Current P/E ratio is 38.30 and Fwd P/E is 8.23. Profit margin for the company is 4.63%. Distance from 52-week low is 23.03% and -32.67% from its 52-week high. The company has generated returns on investments over the last 12 months (2.47%).
The EPS is expected to grow by 6.67% this year
339.0 institutions hold shares in Verint Systems, Inc (VRNT), with institutional investors hold 100.29% of the company’s shares. The shares outstanding are 62.74M, and float is at 60.90M with Short Float at 6.82%. Institutions hold 99.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.57 million shares valued at $243.85 million. The investor’s holdings represent 12.1491 of the VRNT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.94 million shares valued at $191.11 million to account for 9.5215 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 4.14 million shares representing 6.6467 and valued at over $133.41 million, while SENVEST MANAGEMENT, LLC holds 6.1125 of the shares totaling 3.81 million with a market value of $122.69 million.
Verint Systems, Inc (VRNT) Insider Activity
The most recent transaction is an insider sale by MORIAH ELAN, the company’s President. SEC filings show that MORIAH ELAN sold 7,160 shares of the company’s common stock on Sep 16 ’24 at a price of $25.85 per share for a total of $0.19 million. Following the sale, the insider now owns 0.14 million shares.
Verint Systems, Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Highlander Grant A (Chief Financial Officer) sold a total of 3,389 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $25.85 per share for $87606.0. Following the transaction, the insider now directly holds 0.13 million shares of the VRNT stock.
Still, SEC filings show that on Sep 16 ’24, FANTE PETER (Chief Administrative Officer) disposed off 6,330 shares at an average price of $25.85 for $0.16 million. The insider now directly holds 91,334 shares of Verint Systems, Inc (VRNT).
