Varonis Systems Inc (NASDAQ:VRNS) price on Friday, December 27, fall -0.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $44.97.
A look at the stock’s price movement, the close in the last trading session was $45.38, moving within a range at $44.18 and $45.35. The beta value (5-Year monthly) was 0.824. Turning to its 52-week performance, $60.58 and $41.13 were the 52-week high and 52-week low respectively. Overall, VRNS moved -9.90% over the past month.
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Varonis Systems Inc’s market cap currently stands at around $5.06 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 165.53M for the company’s revenue for the quarter, with a low and high estimate of 164M and 172.17M respectively. The average forecast suggests up to a 7.42% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 557.95M, representing a 11.78% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRNS is a 100% Sell. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 9 recommend VRNS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VRNS’s current price about -5.73% and -11.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.58, while 7-day volatility ratio is 1.96% and 2.49% in the 30-day chart. Further, Varonis Systems Inc (VRNS) has a beta value of 0.81, and an average true range (ATR) of 1.24. Analysts have given the company’s stock an average 52-week price target of $57.5, forecast between a low of $50 and high of $70. Looking at the price targets, the low is -11.19% off current price level while to achieve the yearly target high, price needs to move -55.66%. Nonetheless, investors will most likely welcome a -27.86% jump to $57.5 which is the analysts’ median price.
If we refocus on Varonis Systems Inc (NASDAQ:VRNS), historical trading data shows that trading volumes averaged 1.33 over the past 10 days and 1.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 112.42 million shares.
The 3.73% of Varonis Systems Inc’s shares are in the hands of company insiders while institutional holders own 100.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.82 million on 2024-11-29, giving us a short ratio of 5.47. The data shows that as of 2024-11-29 short interest in Varonis Systems Inc (VRNS) stood at 1232.0 of shares outstanding, with shares short rising to 10.25 million registered in 2024-10-31. Current price change has pushed the stock -0.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRNS stock continues to rise going into the next quarter.
