Varonis Systems Inc (NASDAQ: VRNS) is 0.53% higher on its value in year-to-date trading and has touched a low of $41.13 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 $47.20 in the last trading session, with the day’s loss setting it -1.68%.
Currently trading at $45.52, the stock is -7.35% and -13.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -3.56% at the moment leaves the stock -8.54% off its SMA200. VRNS registered 0.46% gain for a year compared to 6-month gain of 5.05%. The firm has a 50-day simple moving average (SMA 50) of $52.9084 and a 200-day simple moving average (SMA200) of $49.7867.
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The stock witnessed a -7.55% loss in the last 1 month and extending the period to 3 months gives it a -17.37%, and is -5.19% 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 3.12% over the week and 2.50% over the month.
Varonis Systems Inc (VRNS) has around 2233 employees, a market worth around $5.12B and $546.53M in sales. Fwd P/E is 146.09. Profit margin for the company is -15.31%. Distance from 52-week low is 10.67% and -24.86% 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 -25.96% this year
466.0 institutions hold shares in Varonis Systems Inc (VRNS), with institutional investors hold 103.85% of the company’s shares. The shares outstanding are 112.42M, and float is at 108.27M with Short Float at 9.99%. Institutions hold 101.62% 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
The most recent transaction is an insider sale by Melamed Guy, the company’s CFO and COO. SEC filings show that Melamed Guy sold 91,345 shares of the company’s common stock on Nov 13 ’24 at a price of $53.70 per share for a total of $4.91 million. Following the sale, the insider now owns 0.5 million shares.
Still, SEC filings show that on Oct 15 ’24, O’Boyle James (Vice Chairman – Sales) disposed off 50,000 shares at an average price of $59.76 for $2.99 million. The insider now directly holds 444,114 shares of Varonis Systems Inc (VRNS).
