Varonis Systems Inc (NASDAQ: VRNS) on Monday, plunged -3.60% from the previous trading day, before settling in for the closing price of $51.08. Within the past 52 weeks, VRNS’s price has moved between $36.87 and $60.58.
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During the last 5-year period, the sales growth of Technology Sector giant was 13.86%. The company achieved an average annual earnings per share of -25.97%. With a float of $108.51 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. In terms of profitability, gross margin is 84.06%, operating margin of -20.44%, and the pretax margin is -13.33%.
Varonis Systems Inc (VRNS) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Varonis Systems Inc is 3.52%, while institutional ownership is 100.56%. The most recent insider transaction that took place on Nov 13 ’24, was worth 4,905,444. In this transaction CFO and COO of this company sold 91,345 shares at a rate of $53.70, taking the stock ownership to the 504,598 shares. Before that another transaction happened on Nov 13 ’24, when Company’s Officer proposed sale 91,345 for $53.71, making the entire transaction worth $4,905,884.
Varonis Systems Inc (VRNS) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.27 earnings per share (EPS) for the period topping the consensus outlook (set at 0.23) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% 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
Varonis Systems Inc (VRNS) is currently performing well based on its current performance indicators. A quick ratio of 1.81 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.91. Likewise, its price to free cash flow for the trailing twelve months is 55.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.31 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 1.74 million, which is a jump from its year-to-date volume of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 22.97%. Additionally, its Average True Range was 1.74.
During the past 100 days, Varonis Systems Inc’s (VRNS) raw stochastic average was set at 25.81%, which indicates a significant increase from 5.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.82% in the past 14 days, which was higher than the 41.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.17, while its 200-day Moving Average is $49.81. However, in the short run, Varonis Systems Inc’s stock first resistance to watch stands at $50.48. Second resistance stands at $51.71. The third major resistance level sits at $52.55. If the price goes on to break the first support level at $48.41, it is likely to go to the next support level at $47.57. Should the price break the second support level, the third support level stands at $46.34.
Varonis Systems Inc (NASDAQ: VRNS) Key Stats
Market capitalization of the company is 5.42 billion based on 112,471K outstanding shares. Right now, sales total 499,160 K and income totals -100,920 K. The company made 148,070 K in profit during its latest quarter, and -18,330 K in sales during its previous quarter.
