Varonis Systems Inc. (NASDAQ:VRNS) finished Friday with an addition of $1.28 to close at $30.94, an upside of 4.32 percent. An average of 600,020 shares of common stock have been traded in the last five days. There was a gain of $1.17 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 972,325 shares traded, while the 50-day average volume stands at 857,824.
VRNS stock has increased by 10.50% in the last month. The company shares reached their 1-month lowest point of $26.83 on 07/26/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $15.61 and a high of $32.55 in 52 weeks. It has reached a new high 13 times so far this year and achieved 29.24% or $7.00 in price. In spite of this, the price is down -4.95% from the 52-week high.
Insider Transactions
VRNS stock investors should be aware that Varonis Systems Inc. (VRNS) stock had its last reported insider trading activity 4 days ago on Aug 22. In this transaction, the insider spent $1,003,340. Director, Segev Ofer, disposed of 1,500 shares at a price of $23.78 on Jan 05. The insider now owns more than $35,670 worth of shares. Prior to that, Director Segev Ofer went on to Sale 1,500 shares at $27.51 each on Oct 05. An amount of $41,265 was transacted.
Valuation Metrics
Varonis Systems Inc. (VRNS) stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.92, the price-to-book (PB) ratio at 7.21, and the price-to-cash flow ratio at 92.70.
Financial Health
The quick ratio of Varonis Systems Inc. for the three months ended June 29 was 3.60, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.53 for the quarter ending June 29. Varonis Systems Inc.’s EBITDA margin for the year ending June 29 is -20.25%, while its operating margin for the same period stands at -24.20%.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Varonis Systems Inc.’s return on assets was -11.20%.
Earnings Surprise
The company posted a net income of -$38.7 million in the quarter, while revenues of -$38.3 million were grew 6.23%. The analyst consensus anticipated Varonis Systems Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.01, a -50.00% surprise. At the end of the quarter ending June 29, Varonis Systems Inc.’s stock balance sheet showed total debt was $312.97 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Varonis Systems Inc. (VRNS) price momentum. RSI 9-day as of the close on 25 August was 63.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.94%.
As of today, VRNS’s price is $30.05 +3.93% or $1.17 from its 5-day moving average. VRNS is currently trading +10.38% higher than its 20-day SMA and +21.81% higher than its 100-day SMA. However, the stock’s current price level is +17.46% above the SMA50 and +86.50% above the SMA200.
The stochastic %K and %D were 56.84% and 43.04%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 88.48% and the average true range at 0.88, the RSI (14) stands at 62.53%. The stock has reached 0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.
Analyst Ratings
Craig Hallum upgraded Varonis Systems Inc. (NASDAQ: VRNS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Varonis Systems Inc. (VRNS) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell VRNS, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is VRNS’s price target for the next 12 months?
Analysts predict a range of price targets between $27.00 and $63.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Varonis Systems Inc. (VRNS) stock is $35.06.
