In Friday’s Wall Street session, Verint Systems, Inc (NASDAQ:VRNT) shares traded at $25.74, down -1.98% from the previous session.
VRNT stock price is now -3.77% away from the 50-day moving average and -9.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
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On September 07, 2023, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock reducing its target price from $50 to quote $28, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, MORIAH ELAN, President sold 35,556 shares of the company’s stock on Dec 19 ’24. The stock was sold for $985,438 at an average price of $27.72. Upon completion of the transaction, the President now directly owns 101,014 shares in the company, valued at $2.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’24, Chief Administrative Officer FANTE PETER sold 16,233 shares of the business’s stock. A total of $446,765 was realized by selling the stock at an average price of $27.52. This leaves the insider owning 73,314 shares of the company worth $1.89 million. A total of 1.65% of the company’s stock is owned by insiders.
During the past 12 months, Verint Systems, Inc has had a low of $21.27 and a high of $38.17. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.32, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $2306204928, which is based on a 27.12 price-to-earnings ratio, a 3.56 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for VRNT is $26.749 and a two-hundred day moving average price translates $28.51555 for the stock.
The latest earnings results from Verint Systems, Inc (NASDAQ: VRNT) was released for 2024-10-31. The net profit margin was 6.49% and return on equity was 6.12% for VRNT. The company reported revenue of $224.19 million for the quarter, compared to $218.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.58 percent.
