The 36-month beta value for VRNS is also noteworthy at 0.81. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for VRNS is 108.15M, and at present, short sellers hold a 8.80% of that float. The average trading volume of VRNS on August 15, 2024 was 1.47M shares.
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VRNS) stock’s latest price update
Varonis Systems Inc (NASDAQ: VRNS) has experienced a decline in its stock price by -0.33 compared to its previous closing price of 55.22. However, the company has seen a gain of 2.40% in its stock price over the last five trading days. globenewswire.com reported 2024-08-06 that NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced powerful new AI capabilities that enhance its industry-leading data classification engine. Using novel machine learning techniques, Varonis can automatically discover, understand, and classify customers’ unique data better than ever.
VRNS’s Market Performance
Varonis Systems Inc (VRNS) has seen a 2.40% rise in stock performance for the week, with a 11.03% gain in the past month and a 23.49% surge in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 3.83% for VRNS. The simple moving average for the past 20 days is 7.77% for VRNS’s stock, with a 21.35% simple moving average for the past 200 days.
Analysts’ Opinion of VRNS
Many brokerage firms have already submitted their reports for VRNS stocks, with Robert W. Baird repeating the rating for VRNS by listing it as a “Outperform.” The predicted price for VRNS in the upcoming period, according to Robert W. Baird is $60 based on the research report published on July 30, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see VRNS reach a price target of $54, previously predicting the price at $50. The rating they have provided for VRNS stocks is “Overweight” according to the report published on June 14th, 2024.
Wedbush gave a rating of “Outperform” to VRNS, setting the target price at $65 in the report published on February 06th of the current year.
VRNS Trading at 15.56% from the 50-Day Moving Average
After a stumble in the market that brought VRNS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.44% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +15.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.64% upper at present.
During the last 5 trading sessions, VRNS rose by +2.41%, which changed the moving average for the period of 200-days by +74.69% in comparison to the 20-day moving average, which settled at $51.45. In addition, Varonis Systems Inc saw 21.55% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VRNS starting from O’Boyle James, who sale 75,000 shares at the price of $51.04 back on Aug 06 ’24. After this action, O’Boyle James now owns 494,114 shares of Varonis Systems Inc, valued at $3,828,055 using the latest closing price.
JAMES OBOYLE, the Officer of Varonis Systems Inc, proposed sale 75,000 shares at $50.28 during a trade that took place back on Aug 06 ’24, which means that JAMES OBOYLE is holding shares at $3,771,000 based on the most recent closing price.
Stock Fundamentals for VRNS
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.85 for the gross margin
The net margin for Varonis Systems Inc stands at -0.16. The total capital return value is set at -0.15. Equity return is now at value -19.01, with -8.29 for asset returns.
Based on Varonis Systems Inc (VRNS), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -15.08.
Currently, EBITDA for the company is -117.22 million with net debt to EBITDA at -1.39. When we switch over and look at the enterprise to sales, we see a ratio of 12.11. The receivables turnover for the company is 4.25for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
In summary, Varonis Systems Inc (VRNS) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
