Varonis Systems Inc (NASDAQ: VRNS) kicked off on Monday, up 0.91% from the previous trading day, before settling in for the closing price of $56.86. Over the past 52 weeks, VRNS has traded in a range of $30.89-$60.58.
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Annual sales at Technology sector company grew by 13.86% over the past five years. While this was happening, its average annual earnings per share was recorded -34.43%. With a float of $108.23 million, this company’s outstanding shares have now reached $109.10 million.
Let’s look at the performance matrix of the company that is accounted for 2233 employees. In terms of profitability, gross margin is 84.54%, operating margin of -22.51%, and the pretax margin is -15.36%.
Varonis Systems Inc (VRNS) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Varonis Systems Inc is 3.52%, while institutional ownership is 101.22%. The most recent insider transaction that took place on Oct 15 ’24, was worth 2,988,000. In this transaction Vice Chairman – Sales of this company sold 50,000 shares at a rate of $59.76, taking the stock ownership to the 444,114 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Officer proposed sale 50,000 for $59.90, making the entire transaction worth $2,995,000.
Varonis Systems Inc (VRNS) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.08 earnings per share (EPS), higher than consensus estimate (set at 0.02) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -34.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to -23.01% drop over the previous five years of trading.
Varonis Systems Inc (NASDAQ: VRNS) Trading Performance Indicators
Take a look at Varonis Systems Inc’s (VRNS) current performance indicators. Last quarter, stock had a quick ratio of 2.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.36. Likewise, its price to free cash flow for the trailing twelve months is 78.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.80, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.30 in one year’s time.
Technical Analysis of Varonis Systems Inc (VRNS)
Varonis Systems Inc (NASDAQ: VRNS) saw its 5-day average volume 1.22 million, a negative change from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 15.46%. Additionally, its Average True Range was 1.52.
During the past 100 days, Varonis Systems Inc’s (VRNS) raw stochastic average was set at 83.30%, which indicates a significant increase from 28.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.02% in the past 14 days, which was lower than the 36.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.13, while its 200-day Moving Average is $49.30. Nevertheless, the first resistance level for the watch stands at $58.32 in the near term. At $59.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $59.78. If the price goes on to break the first support level at $56.86, it is likely to go to the next support level at $56.34. Assuming the price breaks the second support level, the third support level stands at $55.40.
Varonis Systems Inc (NASDAQ: VRNS) Key Stats
The company with the Market Capitalisation of 6.44 billion has total of 111,503K Shares Outstanding. Its annual sales at the moment are 499,160 K in contrast with the sum of -100,920 K annual income. Company’s last quarter sales were recorded 130,350 K and last quarter income was -23,950 K.
