On Tuesday, Varonis Systems Inc (NASDAQ: VRNS) was -1.83% drop from the session before ,before settling in for the closing price of $47.50. A 52-week range for VRNS has been $22.34 – $52.88.
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During the last 5-year period, the sales growth of Technology Sector giant was 13.86%. When this article was written, the company’s average yearly earnings per share was at -65.11%. With a float of $104.50 million, this company’s outstanding shares have now reached $109.10 million.
Let’s determine the extent of company efficiency that accounts for 2233 employees.
Varonis Systems Inc (VRNS) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Varonis Systems Inc stocks. The insider ownership of Varonis Systems Inc is 4.22%, while institutional ownership is 97.33%. The most recent insider transaction that took place on Feb 29 ’24, was worth 985,530. In this transaction Director of this company sold 19,500 shares at a rate of $50.54, taking the stock ownership to the 19,263 shares. Before that another transaction happened on Feb 12 ’24, when Company’s Director bought 230 for $51.75, making the entire transaction worth $11,902. This insider now owns 23,262 shares in total.
Varonis Systems Inc (VRNS) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.27 earnings per share (EPS) during the time that was better than consensus figure (set at $0.23) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -65.11% per share during the next fiscal year.
Varonis Systems Inc (NASDAQ: VRNS) Trading Performance Indicators
You can see what Varonis Systems Inc (VRNS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.19. Likewise, its price to free cash flow for the trailing twelve months is 93.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.92, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Varonis Systems Inc (VRNS)
Looking closely at Varonis Systems Inc (NASDAQ: VRNS), its last 5-days average volume was 1.02 million, which is a drop from its year-to-date volume of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 68.43%. Additionally, its Average True Range was 1.38.
During the past 100 days, Varonis Systems Inc’s (VRNS) raw stochastic average was set at 61.43%, which indicates a significant increase from 36.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.71% in the past 14 days, which was lower than the 29.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.51, while its 200-day Moving Average is $38.08. However, in the short run, Varonis Systems Inc’s stock first resistance to watch stands at $47.41. Second resistance stands at $48.18. The third major resistance level sits at $48.67. If the price goes on to break the first support level at $46.15, it is likely to go to the next support level at $45.66. Should the price break the second support level, the third support level stands at $44.89.
Varonis Systems Inc (NASDAQ: VRNS) Key Stats
There are 109,104K outstanding shares of the company, which has a market capitalization of 5.09 billion. As of now, sales total 499,160 K while income totals -100,920 K. Its latest quarter income was 154,100 K while its last quarter net income were -900 K.
