The stock price of Varonis Systems Inc (NASDAQ: VRNS) has plunged by -0.40 when compared to previous closing price of 50.11, but the company has seen a 0.75% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-20 that NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), today announced the expansion of its IaaS security coverage to Google Cloud. The latest integration broadens Varonis’ extensive coverage portfolio, bringing the company’s proven data-centric approach to Google Cloud storage and data warehouses.
Is It Worth Investing in Varonis Systems Inc (NASDAQ: VRNS) Right Now?
The 36-month beta value for VRNS is at 0.80. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for VRNS is 108.26M, and currently, shorts hold a 9.47% of that float. The average trading volume for VRNS on November 27, 2024 was 1.60M shares.
VRNS’s Market Performance
VRNS’s stock has seen a 0.75% increase for the week, with a -13.02% drop in the past month and a -11.84% fall in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 3.06% for Varonis Systems Inc The simple moving average for the past 20 days is -2.61% for VRNS’s stock, with a 0.16% 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 -8.97% 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 -17.61% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares sank -15.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.30% lower at present.
During the last 5 trading sessions, VRNS rose by +0.75%, which changed the moving average for the period of 200-days by -0.10% in comparison to the 20-day moving average, which settled at $51.25. In addition, Varonis Systems Inc saw 10.23% 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 Melamed Guy, who sale 91,345 shares at the price of $53.70 back on Nov 13 ’24. After this action, Melamed Guy now owns 504,598 shares of Varonis Systems Inc, valued at $4,905,444 using the latest closing price.
GUY MELAMED, the Officer of Varonis Systems Inc, proposed sale 91,345 shares at $53.71 during a trade that took place back on Nov 13 ’24, which means that GUY MELAMED is holding shares at $4,905,884 based on the most recent closing price.
Stock Fundamentals for VRNS
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.84 for the gross margin
The net margin for Varonis Systems Inc stands at -0.14. The total capital return value is set at -0.12. Equity return is now at value -19.17, with -6.58 for asset returns.
Based on Varonis Systems Inc (VRNS), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.64. The interest coverage ratio of the stock is -14.37.
Currently, EBITDA for the company is -70.55 million with net debt to EBITDA at -5.24. When we switch over and look at the enterprise to sales, we see a ratio of 11.12. The receivables turnover for the company is 4.58for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, Varonis Systems Inc (VRNS) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
