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After finishing at $44.11 in the prior trading day, Varonis Systems Inc (NASDAQ: VRNS) closed at $43.79, down -0.73%. In other words, the price has decreased by -$0.73 from its previous closing price. On the day, 0.94 million shares were traded. VRNS stock price reached its highest trading level at $44.57 during the session, while it also had its lowest trading level at $43.735.
Ratios:
Our goal is to gain a better understanding of VRNS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.08. 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, Wedbush on February 06, 2024, Upgraded its rating to Outperform and sets its target price to $65 from $35 previously.
On January 18, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $37 to $45.
On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $55.Susquehanna initiated its Positive rating on December 15, 2023, with a $55 target price.
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 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 4918405120 and an Enterprise Value of 4643642368. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.65 while its Price-to-Book (P/B) ratio in mrq is 10.80. Its current Enterprise Value per Revenue stands at 9.18 whereas that against EBITDA is -42.208.
Stock Price History:
The Beta on a monthly basis for VRNS is 0.80, which has changed by 0.82382345 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, VRNS has reached a high of $52.88, while it has fallen to a 52-week low of $23.27. The 50-Day Moving Average of the stock is -5.72%, while the 200-Day Moving Average is calculated to be 8.81%.
Shares Statistics:
The stock has traded on average 1.03M shares per day over the past 3-months and 1250820 shares per day over the last 10 days, according to various share statistics. A total of 109.10M shares are outstanding, with a floating share count of 106.80M. Insiders hold about 4.22% of the company’s shares, while institutions hold 96.84% stake in the company. Shares short for VRNS as of 1714435200 were 7378026 with a Short Ratio of 7.16, compared to 1711584000 on 6882736. Therefore, it implies a Short% of Shares Outstanding of 7378026 and a Short% of Float of 8.49.
Earnings Estimates
The company has 17.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.03, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.03, with high estimates of $0.07 and low estimates of $0.0.
Analysts are recommending an EPS of between $0.59 and $0.13 for the fiscal current year, implying an average EPS of $0.17. EPS for the following year is $0.23, with 18.0 analysts recommending between $0.51 and -$0.39.
Revenue Estimates
17 analysts predict $124.86M in revenue for the current quarter. It ranges from a high estimate of $126M to a low estimate of $124M. As of the current estimate, Varonis Systems Inc’s year-ago sales were $115.42MFor the next quarter, 17 analysts are estimating revenue of $135.78M. There is a high estimate of $144M for the next quarter, whereas the lowest estimate is $132.3M.
A total of 17 analysts have provided revenue estimates for VRNS’s current fiscal year. The highest revenue estimate was $546.89M, while the lowest revenue estimate was $540.33M, resulting in an average revenue estimate of $542.35M. In the same quarter a year ago, actual revenue was $499.16MBased on 18 analysts’ estimates, the company’s revenue will be $606.74M in the next fiscal year. The high estimate is $633.03M and the low estimate is $549.9M.
