At the time of writing, Varonis Systems Inc [VRNS] stock is trading at $49.71, down -2.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VRNS shares have gain 0.28% over the last week, with a monthly amount drifted -2.24%, and not 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 July 30, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $60 from $52. Previously, JP Morgan upgraded its rating to Overweight on June 14, 2024, and elevated its price target to $54. On February 06, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $65 on the stock. DA Davidson downgraded its rating to a Neutral and increased its price target to $45 on January 18, 2024. Susquehanna initiated its recommendation with a Positive and recommended $55 as its price target on December 15, 2023. JP Morgan upgraded its rating to Neutral for this stock on October 27, 2023, and upped its price target to $35. In a note dated October 16, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $34 to $39.
For the past year, the stock price of Varonis Systems Inc fluctuated between $41.13 and $60.58. Currently, Wall Street analysts expect the stock to reach $58.56 within the next 12 months. Varonis Systems Inc [NASDAQ: VRNS] shares were valued at $49.71 at the most recent close of the market. An investor can expect a potential return of 17.8% based on the average VRNS price forecast.
Analyzing the VRNS fundamentals
According to Varonis Systems Inc [NASDAQ:VRNS], the company’s sales were 546.53M for trailing twelve months, which represents an 21.06% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.17 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.64.
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 49.15 points at the first support level, and at 48.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.41, and for the 2nd resistance point, it is at 51.10.
Ratios To Look Out For
It is important to note that Varonis Systems Inc [NASDAQ:VRNS] has a current ratio of 1.81. As well, the Quick Ratio is 1.81, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 10.23, the price to book ratio is 13.04.
Transactions by insiders
Recent insider trading involved Melamed Guy, CFO and COO, that happened on Nov 13 ’24 when 91345.0 shares were sold. Officer, GUY MELAMED completed a deal on Nov 13 ’24 to buy 91345.0 shares. Meanwhile, Vice Chairman – Sales O’Boyle James sold 50000.0 shares on Oct 15 ’24.
