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Varonis Systems Inc (NASDAQ: VRNS) closed the day trading at $56.31 down -0.48% from the previous closing price of $56.58. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 0.88 million shares were traded. VRNS stock price reached its highest trading level at $57.4997 during the session, while it also had its lowest trading level at $56.28.
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 10.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.40. 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 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 6316855808 and an Enterprise Value of 5996265472. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.13 while its Price-to-Book (P/B) ratio in mrq is 13.77. Its current Enterprise Value per Revenue stands at 11.514 whereas that against EBITDA is -60.454.
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 0.46%, while the 200-Day Moving Average is calculated to be 14.49%.
Shares Statistics:
Over the past 3-months, VRNS traded about 1.44M shares per day on average, while over the past 10 days, VRNS traded about 1234570 shares per day. A total of 109.10M shares are outstanding, with a floating share count of 108.23M. Insiders hold about 3.52% of the company’s shares, while institutions hold 101.19% stake in the company. Shares short for VRNS as of 1727654400 were 8586394 with a Short Ratio of 5.96, compared to 1724976000 on 8356332. Therefore, it implies a Short% of Shares Outstanding of 8586394 and a Short% of Float of 9.810001.