A share price of Varonis Systems Inc [VRNS] is currently trading at $44.94, up 0.99%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VRNS shares have gain 1.49% over the last week, with a monthly amount drifted -0.07%, and not seem to be holding up well over a long-time horizon.
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.
Varonis Systems Inc experienced fluctuations in its stock price throughout the past year between $41.13 and $60.58. Currently, Wall Street analysts expect the stock to reach $57.4 within the next 12 months. Varonis Systems Inc [NASDAQ: VRNS] shares were valued at $44.94 at the most recent close of the market. An investor can expect a potential return of 27.73% based on the average VRNS price forecast.
Analyzing the VRNS fundamentals
Trailing Twelve Months sales for Varonis Systems Inc [NASDAQ:VRNS] were 546.53M which represents 21.06% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.74.
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 44.44 points at the first support level, and at 43.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.57, and for the 2nd resistance point, it is at 46.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Varonis Systems Inc [NASDAQ:VRNS] is 1.81. Also, the Quick Ratio is 1.81, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 9.25, the price to book ratio is 11.79.
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.
