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The closing price of Varonis Systems Inc (NASDAQ: VRNS) was $59.24 for the day, up 0.46% from the previous closing price of $58.97. In other words, the price has increased by $0.46 from its previous closing price. On the day, 1.41 million shares were traded. VRNS stock price reached its highest trading level at $59.68 during the session, while it also had its lowest trading level at $58.5.
Ratios:
Our analysis of VRNS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.43. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 15 ’24 when O’Boyle James sold 50,000 shares for $59.76 per share. The transaction valued at 2,988,000 led to the insider holds 444,114 shares of the business.
JAMES OBOYLE bought 50,000 shares of VRNS for $2,995,000 on Oct 15 ’24. On Aug 06 ’24, another insider, O’Boyle James, who serves as the Vice Chairman – Sales of the company, sold 75,000 shares for $51.04 each. As a result, the insider received 3,828,055 and left with 494,114 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 6645543424 and an Enterprise Value of 6324951552. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.76 while its Price-to-Book (P/B) ratio in mrq is 14.49. Its current Enterprise Value per Revenue stands at 12.145 whereas that against EBITDA is -63.768.
Stock Price History:
Over the past 52 weeks, VRNS has reached a high of $60.58, while it has fallen to a 52-week low of $30.89. The 50-Day Moving Average of the stock is 6.30%, while the 200-Day Moving Average is calculated to be 21.34%.
Shares Statistics:
VRNS traded an average of 1.45M shares per day over the past three months and 1517570 shares per day over the past ten days. 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 101.15% stake in the company. Shares short for VRNS as of 1727654400 were 8586394 with a Short Ratio of 5.93, compared to 1724976000 on 8356332. Therefore, it implies a Short% of Shares Outstanding of 8586394 and a Short% of Float of 9.810001.
