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The price of Varonis Systems Inc (NASDAQ: VRNS) closed at $49.57 in the last session, down -2.34% from day before closing price of $50.76. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 1.33 million shares were traded. VRNS stock price reached its highest trading level at $50.72 during the session, while it also had its lowest trading level at $49.57.
Ratios:
We take a closer look at VRNS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.67. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.66.
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, JP Morgan on June 14, 2024, Upgraded its rating to Overweight and sets its target price to $54 from $50 previously.
On February 06, 2024, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $35 to $65.
DA Davidson Downgraded its Buy to Neutral on January 18, 2024, whereas the target price for the stock was revised from $37 to $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 10 ’24 when Faitelson Yakov sold 47,457 shares for $44.53 per share. The transaction valued at 2,113,460 led to the insider holds 1,452,922 shares of the business.
Faitelson Yakov sold 284,211 shares of VRNS for $12,855,460 on May 09 ’24. The CEO, President, Chairman now owns 1,452,922 shares after completing the transaction at $45.23 per share. On Feb 29 ’24, another insider, Iohan Gili, who serves as the Director of the company, sold 19,500 shares for $50.54 each. As a result, the insider received 985,530 and left with 19,263 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 5658762240 and an Enterprise Value of 5288131072. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.93 while its Price-to-Book (P/B) ratio in mrq is 12.23. Its current Enterprise Value per Revenue stands at 10.454 whereas that against EBITDA is -48.066.
Stock Price History:
Over the past 52 weeks, VRNS has reached a high of $52.88, while it has fallen to a 52-week low of $25.97. The 50-Day Moving Average of the stock is 10.66%, while the 200-Day Moving Average is calculated to be 14.53%.
Shares Statistics:
According to the various share statistics, VRNS traded on average about 1.23M shares per day over the past 3-months and 1136170 shares per day over the past 10 days. A total of 109.10M shares are outstanding, with a floating share count of 107.61M. Insiders hold about 3.49% of the company’s shares, while institutions hold 99.52% stake in the company. Shares short for VRNS as of 1719532800 were 9447539 with a Short Ratio of 7.70, compared to 1717113600 on 8305304. Therefore, it implies a Short% of Shares Outstanding of 9447539 and a Short% of Float of 10.879999999999999.
