JP Morgan raised the price target for the Varonis Systems Inc. (NASDAQ:VRNS) stock to “an Underweight”. The rating was released on January 24, 2023, according to finviz. The research report from Wells Fargo has downgraded the stock from Overweight to Underweight, with a price target set at $24. The stock was downgraded by Wedbush, who disclosed in a research note on November 01, 2022, from Outperform to Neutral and set the price objective to $20. In their research brief published November 01, 2022, Piper Sandler analysts downgraded the Varonis Systems Inc. stock from Overweight to Neutral with a price target of $20.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Varonis Systems Inc. (NASDAQ:VRNS) dipped -0.89% to close Tuesday’s market session at $25.57, lower as compared to yesterday’s close. The stock price fluctuated between $25.19 and $26.33 throughout the trading session with the volume trading being 1506813 shares, which represented a significant variation when compared to the three months average volume of 1.58 million shares. The firm’s stock price fluctuated 0.99% within the last five trades and 7.12% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -7.02% in the last 6 months and -4.09% was subtracted to its value over the previous 3 months. VRNS stock is trading at a margin of 5.75%, 13.32% and -11.34% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VRNS deals in the Technology domain. The stock is trading -50.45 percent below its 52-week high and 63.81 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -1.84. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Varonis Systems Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -28.20 percent and the profit margin is -30.30 percent, and the company has reported a gross margin of 84.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.76 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 96.86. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.03 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.28, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.90 percent of Varonis Systems Inc. shares are owned by insiders, and 98.56 percent are held by financial institutions. Segev Ofer, the Director at Varonis Systems Inc. (VRNS) has sold 1,500 shares of firm on Jan 05 at a price of $23.78 against the total amount of $35670.0. In another inside trade, Melamed Guy, CFO and COO of Varonis Systems Inc. (NASDAQ:VRNS) bought 24,400 shares of the firm on Dec 08 for a total worth of $0.5 million at a price of $20.50. An inside trade which took place on Nov 07, SVP of Worldwide Sales of Varonis Systems Inc. O’Boyle James bought 60,000 shares of firm against total price of $1.0 million at the cost of $16.72 per share.