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Wednesday, February 1, 2023

Is Varonis Systems Inc. (NASDAQ: VRNS) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Varonis Systems Inc. (VRNS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.72, or -3.03%, to $23.05. The Varonis Systems Inc. has recorded 4,714 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Varonis’ Cloud-Hosted Data Security Platform Achieves SOC 2 Type II Compliance.

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Stocks Info

Varonis Systems Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $23.77 and fluctuated between $24.47 as its day high and $23.49 as its day low. The current market capitalization of Varonis Systems Inc. is $2.59B. A total of 1.0 million shares were traded on the day, compared to an average of 1.59M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VRNS has seen 9 BUY and 3 SELL insider trades, representing the acquisition of 537,886 and the disposition of 312,263 shares. Over the last 12 months, there were 35 BUYs and 15 SELLs from insiders. Insiders purchased 1,639,386 shares during that period but sold 678,772.

In the most recent transaction, Segev Ofer sold 1,500 shares of VRNS for 23.78 per share on Jan 05. After the transaction, the Director now owns 72,410 company shares. In a previous transaction on Dec 08, Melamed Guy bought 24,400 shares at 20.50 per share. VRNS shares that CFO and COO owns now total 490,351.

Among the insiders who bought shares, O’Boyle James acquired of 60,000 shares on Nov 07 at a per-share price of $16.72. This resulted in the SVP of Worldwide Sales holding 428,989 shares of VRNS after the transaction. In another insider transaction, Melamed Guy bought 14,285 shares at $17.50 per share on Nov 03. Company shares held by the CFO and COO now total 465,951.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, VRNS has a high of $51.60 and a low of $15.61.

As of this writing, VRNS has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.05. The company reported an EPS of -$0.09 in the last quarter, which was 10.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VRNS is Buy with a score of 3.75.

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