Varonis Systems Inc [NASDAQ: VRNS] traded at a high on Tuesday, posting a 0.61 gain after which it closed the day’ session at $42.96.
The results of the trading session contributed to over 4252566 shares changing hands. Over the past one week, the price volatility of Varonis Systems Inc stands at 2.40% while the volatility over the past one month is 2.73%.
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The market cap for VRNS stock reached $4.79 billion, with 109.10 million shares outstanding and 107.62 million shares in the current float. Compared to the average trading volume of 1.03M shares, VRNS reached a trading volume of 4252566 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Varonis Systems Inc [VRNS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRNS shares is $52.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRNS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Varonis Systems Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 06, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price from $37 to $45. The new note on the price target was released on January 18, 2024, representing the official price target for Varonis Systems Inc stock. Previously, the target price had yet another raise to $55, while Susquehanna analysts kept a Positive rating on VRNS stock. On October 27, 2023, analysts increased their price target for VRNS shares from 27 to 35.
The Average True Range (ATR) for Varonis Systems Inc is set at 1.24, with the Price to Sales ratio for VRNS stock in the period of the last 12 months amounting to 9.47. The Price to Book ratio for the last quarter was 10.60, with the Price to Cash per share for the same quarter was set at 4.92. Price to Free Cash Flow for VRNS in the course of the last twelve months was 63.85 with Quick ratio for the last quarter at 2.38.
How has VRNS stock performed recently?
Varonis Systems Inc [VRNS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.52. With this latest performance, VRNS shares dropped by -3.48% in over the last four-week period, additionally sinking by -1.51% over the last 6 months – not to mention a rise of 68.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRNS stock in for the last two-week period is set at 45.56, with the RSI for the last a single of trading hit 46.77, and the three-weeks RSI is set at 45.22 for Varonis Systems Inc [VRNS]. The present Moving Average for the last 50 days of trading for this stock 44.35, while it was recorded at 42.63 for the last single week of trading, and 41.59 for the last 200 days.
Varonis Systems Inc [VRNS]: Deeper insight into the fundamentals
Varonis Systems Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.38 and a Current Ratio set at 2.38.
Insider trade positions for Varonis Systems Inc [VRNS]
The top three institutional holders of VRNS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VRNS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VRNS stock with ownership which is approximately 5.8386%.
