The stock of Varonis Systems Inc (NASDAQ:VRNS) last traded at $40.01, down -7.75% from the previous session.
VRNS stock price is now -13.58% away from the 50-day moving average and -18.98% away from the 200-day moving average. The market capitalization of the company currently stands at $4.50B.
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With the price target enhanced from $52 to $60, Robert W. Baird Upgraded its rating from Neutral to Outperform for Varonis Systems Inc (NASDAQ: VRNS). On June 14, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $50 to quote $54, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Melamed Guy, CFO and COO sold 91,345 shares of the company’s stock on Nov 13 ’24. The stock was sold for $4,905,444 at an average price of $53.70. Upon completion of the transaction, the CFO and COO now directly owns 504,598 shares in the company, valued at $20.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer GUY MELAMED bought 91,345 shares of the business’s stock. A total of $4,905,884 was incurred on buying the stock at an average price of $53.71. A total of 3.73% of the company’s stock is owned by insiders.
During the past 12 months, Varonis Systems Inc has had a low of $41.07 and a high of $60.58. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 1.24, and a quick ratio of 1.81. The fifty day moving average price for VRNS is $46.502 and a two-hundred day moving average price translates $49.3984 for the stock.
The latest earnings results from Varonis Systems Inc (NASDAQ: VRNS) was released for 2024-09-30. The net profit margin was -17.38% and return on equity was -20.26% for VRNS.
