At the time of writing, Varonis Systems Inc [VRNS] stock is trading at $41.51, up 0.14%. 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 4.48% over the last week, with a monthly amount drifted -5.87%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Robert W. Baird upgraded its rating to Outperform on July 30, 2024, and elevated its price target to $60. On June 14, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $54 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $65 on February 06, 2024. DA Davidson downgraded its rating to a Neutral and raised its price target to $45 on January 18, 2024. Susquehanna started tracking with a Positive rating for this stock on December 15, 2023, and assigned it a price target of $55. In a note dated October 27, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $27 to $35.
For the past year, the stock price of Varonis Systems Inc fluctuated between $39.10 and $60.58. Currently, Wall Street analysts expect the stock to reach $56.83 within the next 12 months. Varonis Systems Inc [NASDAQ: VRNS] shares were valued at $41.51 at the most recent close of the market. An investor can expect a potential return of 36.91% based on the average VRNS price forecast.
Analyzing the VRNS fundamentals
According to Varonis Systems Inc [NASDAQ:VRNS], the company’s sales were 550.95M for trailing twelve months, which represents an 2.87% jump. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.21 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.
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 41.01 points at the first support level, and at 40.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.86, and for the 2nd resistance point, it is at 42.20.
Ratios To Look Out For
It is important to note that Varonis Systems Inc [NASDAQ:VRNS] has a current ratio of 1.19. Also, the Quick Ratio is 1.19, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 8.48, the price to book ratio is 10.25.
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.
