At the time of writing, Varonis Systems Inc [VRNS] stock is trading at $46.91, up 0.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The VRNS shares have lost -1.30% over the last week, with a monthly amount glided 8.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Varonis Systems Inc [NASDAQ: VRNS] stock has seen the most recent analyst activity on June 14, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $54 from $50. Previously, Wedbush upgraded its rating to Outperform on February 06, 2024, and elevated its price target to $65. On January 18, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $45 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $55 on December 15, 2023. JP Morgan upgraded its rating to a Neutral and raised its price target to $35 on October 27, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on October 16, 2023, and upped its price target to $39. In a note dated October 13, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $35 to $37.
For the past year, the stock price of Varonis Systems Inc fluctuated between $26.30 and $52.88. Currently, Wall Street analysts expect the stock to reach $48.29 within the next 12 months. Varonis Systems Inc [NASDAQ: VRNS] shares were valued at $46.91 at the most recent close of the market. An investor can expect a potential return of 2.94% based on the average VRNS price forecast.
Analyzing the VRNS fundamentals
According to Varonis Systems Inc [NASDAQ:VRNS], the company’s sales were 505.85M for trailing twelve months, which represents an 6.23% jump. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.21 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.10 points at the first support level, and at 45.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.62, and for the 2nd resistance point, it is at 48.33.
Ratios To Look Out For
It is important to note that Varonis Systems Inc [NASDAQ:VRNS] has a current ratio of 2.38. On the other hand, the Quick Ratio is 2.38, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 10.34, the price to book ratio is 11.57.
Transactions by insiders
Recent insider trading involved Faitelson Yakov, CEO, President, Chairman, that happened on May 10 ’24 when 47457.0 shares were sold. CEO, President, Chairman, Faitelson Yakov completed a deal on May 09 ’24 to sell 0.28 million shares. Meanwhile, Director Iohan Gili sold 19500.0 shares on Feb 29 ’24.