Varonis Systems Inc (NASDAQ: VRNS) is 17.49% higher on its value in year-to-date trading and has touched a low of $34.95 and a high of $60.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRNS stock was last observed hovering at around $52.27 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $53.20, the stock is -2.75% and -3.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 1.78% at the moment leaves the stock 6.99% off its SMA200. VRNS registered 48.27% gain for a year compared to 6-month gain of 19.36%. The firm has a 50-day simple moving average (SMA 50) of $55.2402 and a 200-day simple moving average (SMA200) of $49.68965.
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The stock witnessed a -11.30% loss in the last 1 month and extending the period to 3 months gives it a -3.66%, and is -0.26% 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 2.39% over the week and 2.98% over the month.
Varonis Systems Inc (VRNS) has around 2233 employees, a market worth around $5.98B and $546.53M in sales. Fwd P/E is 172.16. Profit margin for the company is -15.31%. Distance from 52-week low is 52.22% and -12.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.07%).
The EPS is expected to shrink by -25.97% this year
453.0 institutions hold shares in Varonis Systems Inc (VRNS), with institutional investors hold 104.24% of the company’s shares. The shares outstanding are 109.10M, and float is at 108.51M with Short Float at 9.45%. Institutions hold 101.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.69 million shares valued at $560.81 million. The investor’s holdings represent 10.6289 of the VRNS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.63 million shares valued at $557.84 million to account for 10.5727 of the shares outstanding. The other top investors are CADIAN CAPITAL MANAGEMENT, LP which holds 3.8 million shares representing 3.456 and valued at over $182.35 million, while CLEARBRIDGE INVESTMENTS, LLC holds 3.0468 of the shares totaling 3.35 million with a market value of $160.75 million.
Varonis Systems Inc (VRNS) Insider Activity
Varonis Systems Inc disclosed in a document filed with the SEC on Oct 15 ’24 that O’Boyle James (Vice Chairman – Sales) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $59.76 per share for $2.99 million. Following the transaction, the insider now directly holds 0.44 million shares of the VRNS stock.
Still, SEC filings show that on Oct 15 ’24, JAMES OBOYLE (Officer) Proposed Sale 50,000 shares at an average price of $59.90 for $3.0 million. The insider now directly holds shares of Varonis Systems Inc (VRNS).
