Varonis Systems Inc [NASDAQ: VRNS] plunged by -$2.87 during the normal trading session on while it closed the day at $52.18.
Varonis Systems Inc stock has also loss -7.83% of its value over the past 7 days. However, VRNS stock has inclined by 21.77% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.84% and gained 15.24% year-on date.
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The market cap for VRNS stock reached $5.85 billion, with 109.10 million shares outstanding and 108.15 million shares in the current float. Compared to the average trading volume of 1.40M shares, VRNS reached a trading volume of 4426174 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $58.25 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 1.95. 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.
Robert W. Baird have made an estimate for Varonis Systems Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 30, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $50 to $54. The new note on the price target was released on June 14, 2024, representing the official price target for Varonis Systems Inc stock. Previously, the target price had yet another raise from $35 to $65, while Wedbush kept a Outperform rating on VRNS stock. On January 18, 2024, analysts increased their price target for VRNS shares from 37 to 45.
The Average True Range (ATR) for Varonis Systems Inc is set at 1.82, with the Price to Sales ratio for VRNS stock in the period of the last 12 months amounting to 11.24. The Price to Book ratio for the last quarter was 12.76, with the Price to Cash per share for the same quarter was set at 5.59. Price to Free Cash Flow for VRNS in the course of the last twelve months was 71.73 with Quick ratio for the last quarter at 2.44.
VRNS stock trade performance evaluation
Varonis Systems Inc [VRNS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.83. With this latest performance, VRNS shares gained by 1.16% in over the last four-week period, additionally plugging by 4.84% over the last 6 months – not to mention a rise of 62.71% 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 41.36, with the RSI for the last a single of trading hit 30.27, and the three-weeks RSI is set at 47.42 for Varonis Systems Inc [VRNS]. The present Moving Average for the last 50 days of trading for this stock 51.58, while it was recorded at 55.05 for the last single week of trading, and 46.94 for the last 200 days.
Varonis Systems Inc [VRNS]: An insightful look at the core fundamentals
Varonis Systems Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.44 and a Current Ratio set at 2.44.
Varonis Systems Inc [VRNS]: Institutional Ownership
There are presently around $102.52%, or 104.91%% of VRNS stock, in the hands of institutional investors. The top three institutional holders of VRNS stocks are: VANGUARD GROUP INC with ownership of 11.69 million shares, which is approximately 10.6289%. BLACKROCK INC., holding 11.63 million shares of the stock with an approximate value of $$557.84 million in VRNS stocks shares; and BLACKROCK INC., currently with $$182.35 million in VRNS stock with ownership which is approximately 3.456%.
