The Insider Activity Report For Verint Systems Inc. (VRNT): Who’s Selling?

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Verint Systems Inc. (NASDAQ:VRNT) finished Friday with an addition of $0.02 to close at $36.28, an upside of 0.06 percent. An average of 421,020 shares of common stock have been traded in the last five days. There was a gain of $1.00 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 480,440 shares traded, while the 50-day average volume stands at 429,950.

VRNT stock has decreased by -7.75% in the last month. The company shares reached their 1-month lowest point of $34.47 on 12/22/22. With the stock rallying to its 52-week high on 04/20/22, shares of the company touched a low of $31.63 and a high of $56.39 in 52 weeks. It has reached a new high 10 times so far this year and lost -30.91% or -$16.23 in price. In spite of this, the price is down -35.66% from the 52-week high.

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Insider Transactions

VRNT stock investors should be aware that Verint Systems Inc. (VRNT) stock had its last reported insider trading activity 9 days ago on Dec 22. In this transaction, the insider spent $287,978. Chief Financial Officer, Robinson Douglas, disposed of 1,484 shares at a price of $37.56 on Dec 13. The insider now owns more than $55,739 worth of shares. Prior to that, Chief Administrative Officer FANTE PETER went on to Sale 1,484 shares at $37.56 each on Dec 13. An amount of $55,739 was transacted.

Valuation Metrics

Verint Systems Inc. (VRNT) stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.63, the price-to-book (PB) ratio at 2.85, and the price-to-cash flow ratio at 21.53.

Financial Health

The quick ratio of Verint Systems Inc. for the three months ended October 30 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.00 for the quarter ending October 30. Its gross profit as reported stood at $575.94 million compared to revenue of $874.51 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Verint Systems Inc.’s return on assets was -1.10%.

Earnings Surprise

For the three-month period that ended October 30, Verint Systems Inc. had $10.65 million in cash and short-term investments compared to $408.36 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.12 million in the quarter, while revenues of -$7.61 million were grew 817.86%. The analyst consensus anticipated Verint Systems Inc.’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.69, a 16.90% surprise. For the quarter, EBITDA amounted to $38.5 million. Shareholders own equity worth $65.87 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Verint Systems Inc. (VRNT) price momentum. RSI 9-day as of the close on 30 December was 49.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.08%.

As of today, VRNT’s price is $35.82 +2.83% or $1.00 from its 5-day moving average. VRNT is currently trading -9.00% lower than its 20-day SMA and -21.98% lower than its 100-day SMA. However, the stock’s current price level is +9.57% above the SMA50 and -28.22% below the SMA200.

The stochastic %K and %D were 30.65% and 26.60%, respectively, and the average true range (ATR) was 1.04. With the 14-day stochastic at 38.35% and the average true range at 1.10, the RSI (14) stands at 48.16%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.

Analyst Ratings

Goldman downgraded Verint Systems Inc. (NASDAQ: VRNT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Verint Systems Inc. (VRNT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VRNT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is VRNT’s price target for the next 12 months?

Analysts predict a range of price targets between $45.00 and $50.00, with a median target of $49.00. Taking a look at these predictions, the average price target given by analysts for Verint Systems Inc. (VRNT) stock is $48.25.

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