Monitor The Insider Activity Of Varonis Systems Inc. (VRNS)

As of Friday close, Varonis Systems Inc.’s (NASDAQ:VRNS) stock was up $2.1, moving up 7.03 percent to $31.97. The average number of shares traded per day over the past five days has been 1,926,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.53 fall in that time frame. In the last twenty days, the average volume was 1,613,660, while in the previous 50 days, it was 1,286,964.

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Since last month, VRNS stock retreated -37.38%. Shares of the company fell to $27.97 on 05/12/22, the lowest level in the past month. A 52-week high of $73.46 was reached on 04/14/22 after having rallying from a 52-week low of $27.97. Since the beginning of this year, VRNS’s stock price has dropped by -34.46% or -$16.81, and marked a new high 5 times. However, the stock has declined by -56.48% since its 52-week high.

Varonis Systems Inc. (VRNS) last reported insider trading activity 5 days ago on May 09. Kess Avrohom J., the Director of the company, purchased of 2,400 shares for $29.95 on May 09. It resulted in a $71,880 investment by the insider. VAN DEN BOSCH FRED sold 1,000 shares at an average price of $50.00 on Apr 19. The insider now owns 115,945 shares following the transaction. On Apr 13, Director VAN DEN BOSCH FRED sold 3,000 shares at $50.00 apiece. The transaction was valued at $150,000.

Valuation Metrics

The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 9.18, the price-to-book (PB) ratio of 6.46.

Financial Health

In the three months ended March 30, Varonis Systems Inc.’s quick ratio stood at 4.60, while its current ratio was 4.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.46, and the total debt-to-equity ratio was 0.46. On the profitability front, the trailing twelve-month gross margin is 84.50% percent. In the year ended March 30, operating margins totaled -27.40%.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.70%. Return on equity (ROE) for the past 12 months was -22.80%.

VRNS’s revenue rose 22.3% to $126.58 million during the quarter, while net income inched up to $96.26 million. While analysts expected Varonis Systems Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.09 per share.

Technical Picture

This quick technical analysis looks at Varonis Systems Inc.’s (VRNS) price momentum. With a historical volatility rate of 105.51%, the RSI 9-day stood at 33.02% on 13 May.

With respect to its five-day moving average, the current Varonis Systems Inc. price is down by -7.33% percent or -$2.53. At present, VRNS shares trade -35.56% below its 20-day simple moving average and -31.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.51% below its SMA50 and -48.57% below its SMA200.

Stochastic coefficient K was 10.66% and Stochastic coefficient D was 6.63%, while ATR was 3.07. Given the Stochastic reading of 21.47% for the 14-day period, the RSI (14) reading has been calculated as 33.88%. As of today, the MACD Oscillator reading stands at -3.24, while the 14-day reading stands at -6.93.

Analyst Ratings

Wells Fargo upgraded its rating on Varonis Systems Inc. (NASDAQ: VRNS) to an Overweight in a note to investors on April 29, 2022. The analysts firm previously had an Equal weight rating on the stock.Varonis Systems Inc. (VRNS) has been rated Buy by analysts. According to 0 brokerage firms , VRNS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Varonis Systems Inc. stock as buy, with 19 recommending it as overweight.

With a median target price of $55.00, the current consensus forecast for the stock is $42.00 – $82.00. Based on these forecasts, analysts predict Varonis Systems Inc. (VRNS) will achieve an average price target of $57.45.


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