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Varonis Systems Inc (NASDAQ: VRNS) closed the day trading at $55.58 up 1.02% from the previous closing price of $55.02. In other words, the price has increased by $1.02 from its previous closing price. On the day, 0.99 million shares were traded. VRNS stock price reached its highest trading level at $56.28 during the session, while it also had its lowest trading level at $54.83.
Ratios:
For a better understanding of VRNS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.40. For the most recent quarter (mrq), Quick Ratio is recorded 2.44 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on July 30, 2024, Upgraded its rating to Outperform and sets its target price to $60 from $52 previously.
On June 14, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $50 to $54.
Wedbush Upgraded its Neutral to Outperform on February 06, 2024, whereas the target price for the stock was revised from $35 to $65.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when O’Boyle James sold 75,000 shares for $51.04 per share. The transaction valued at 3,828,055 led to the insider holds 494,114 shares of the business.
JAMES OBOYLE bought 75,000 shares of VRNS for $3,771,000 on Aug 06 ’24. On May 09 ’24, another insider, Faitelson Yakov, who serves as the CEO, President, Chairman of the company, sold 284,211 shares for $45.23 each. As a result, the insider received 12,855,460 and left with 1,452,922 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VRNS now has a Market Capitalization of 6234964480 and an Enterprise Value of 5914374144. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.97 while its Price-to-Book (P/B) ratio in mrq is 13.60. Its current Enterprise Value per Revenue stands at 11.357 whereas that against EBITDA is -59.629.
Stock Price History:
Over the past 52 weeks, VRNS has reached a high of $58.32, while it has fallen to a 52-week low of $29.47. The 50-Day Moving Average of the stock is 2.98%, while the 200-Day Moving Average is calculated to be 15.66%.
Shares Statistics:
Over the past 3-months, VRNS traded about 1.40M shares per day on average, while over the past 10 days, VRNS traded about 1170550 shares per day. A total of 109.10M shares are outstanding, with a floating share count of 108.18M. Insiders hold about 3.57% of the company’s shares, while institutions hold 101.27% stake in the company. Shares short for VRNS as of 1726185600 were 8889458 with a Short Ratio of 6.36, compared to 1723680000 on 9724010. Therefore, it implies a Short% of Shares Outstanding of 8889458 and a Short% of Float of 10.16.
