Varonis Systems Inc. (NASDAQ:VRNS) currently has a daily average trading volume of 1.18M but it saw 1158456 shares traded on Thursday. With a market cap of 2.86B USD, stock’s current market price of $25.81 came rising about 0.62 while comparing to the previous closing price of $25.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $51.60 and as low as $15.61. In the recent trading on the day, stock has struck highest price mark of $26.16 while lowest mark touched by it was $25.09.
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Taking a look at 20-day trading activity of Varonis Systems Inc. (VRNS) gives us an average price of $26.58, while its current price level is -49.98% below from 52-week high level whereas it is 65.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $26.21 while that of 200 days or SMA-200 reads an average of $26.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.33% during that period while stretching the period over a month that decreases to 3.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.04 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which upgraded the stock as “Equal Weight” in its note to investors issued on March 15, 2023, recommending a price target of $26 for it. Robert W. Baird issued its recommendations for the stock as it downgraded the price target for the stock is $30.
Over the week, VRNS’s stock price is moving 3.03% up while it is -5.53% when we observe its performance for the past one month. Year-to-date it is 7.81% up and over the past year, the stock is showing a downside performance of -31.90%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.21 beat the consensus estimate of $0.17 for the same. For VRNS, analysts are forecasting an EPS-growth rate of 100.00% for current year and estimate for EPS growth in next year is 13.90%. In next quarter, company is expected to be making quarterly sales of $123.02 million as analysts are expecting the sales for current fiscal year at $526.02 million and seeing the company making $583.47 million in sales next year. Moreover, analysts are in estimates of $106.9 million for current-quarter revenue.
Currently, Varonis Systems Inc.’s total number of outstanding shares is 109.21M with 1.54% of that held by the insiders while 94.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -18.00% and return on equity (ROE) at -23.80%. It has a 65.67 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 5.61 while price to sale or P/S ratio amounts to 6.05. Its return on asset (ROA) is -11.80% on average.
As per SEC documents, First Trust NASDAQ Cybersecurity sought 3,949,822 of company’s common stock of worth $106.96 million as per recent closing price of the stock. First Trust NASDAQ Cybersecurity is not the only institutional holder which restructured its stake in Varonis Systems Inc., as Vanguard Total Stock Market Index picked 3,192,631 shares of worth $86.46 million to bring its holdings to a total of 4811.0 shares. In the most recent quarter, Vanguard Explorer Fund came rising its stake by 15.54% in the company and now holds 2.82 million or 2.62% of the company’s stake having worth of about 76.25 million.
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