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Tuesday, December 5, 2023

Varonis Systems Inc (NASDAQ: VRNS) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Varonis Systems Inc (VRNS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.03%, to $33.58. The Varonis Systems Inc has recorded 43,428 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Varonis Announces Third Quarter 2023 Financial Results.

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Stocks Info

Varonis Systems Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $33.57 and fluctuated between $34.06 as its day high and $33.14 as its day low. The current market capitalization of Varonis Systems Inc is $3.68B. A total of 1.18 million shares were traded on the day, compared to an average of 897.05K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VRNS has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,250 and the disposition of 34,000 shares. Over the last 12 months, there were 34 BUYs and 12 SELLs from insiders. Insiders purchased 1,461,755 shares during that period but sold 777,583.

In the most recent transaction, Bass David sold 34,000 shares of VRNS for 29.51 per share on Aug 22. After the transaction, the EVP Engineering & CTO now owns 650,756 company shares. In a previous transaction on Aug 04, Kess Avrohom J. bought 1,250 shares at 29.72 per share. VRNS shares that Director owns now total 23,032.

Among the insiders who bought shares, Kess Avrohom J. acquired of 350 shares on May 22 at a per-share price of $25.17. This resulted in the Director holding 21,782 shares of VRNS after the transaction. In another insider transaction, Segev Ofer sold 1,500 shares at $23.78 per share on Jan 05. Company shares held by the Director now total 72,410.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VRNS in the last 3 months, the mean price target is $37.33 with high estimates of $63.00 and low estimates of $29.00. In terms of 52-week highs and lows, VRNS has a high of $34.61 and a low of $15.61.

As of this writing, VRNS has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.03 per share and a lower estimate of $0.01. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. VRNS’s latest balance sheet shows that the firm has $807.61M in Cash & Short Term Investments as of fiscal 2021. There were $294.02M in debt and $211.77M in liabilities at the time. Its Book Value Per Share was $4.08, while its Total Shareholder’s Equity was $596.59M.

Analysts Opinion

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. 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 4.11.

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