In recent trading session, Varonis Systems Inc (NASDAQ:VRNS) saw 1.3 million shares changing hands at last check today with its beta currently measuring 0.84. Company’s recent per share price level of $51.81 trading at -$0.37 or -0.71% at last check today assigns it a market valuation of $5.81B. That most recent trading price of VRNS’s stock is at a discount of -12.57% from its 52-week high price of $58.32 and is indicating a premium of 43.12% from its 52-week low price of $29.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.24 million shares which gives us an average trading volume of 1.45 million if we extend that period to 3-months.
For Varonis Systems Inc (VRNS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.95. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.
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Varonis Systems Inc (NASDAQ:VRNS) trade information
Upright in the red during last session for losing -0.71%, in the last five days VRNS remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $51.81 price level, adding 8.91% to its value on the day. Varonis Systems Inc’s shares saw a change of 14.42% in year-to-date performance and have moved -7.60% in past 5-day. Varonis Systems Inc (NASDAQ:VRNS) showed a performance of 1.41% in past 30-days. Number of shares sold short was 9.72 million shares which calculate 5.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 60 to the stock, which implies a rise of 13.65% to its recent value today. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 80. It follows that stock’s current price would jump 57.54% in reaching the projected high whereas dropping to the targeted low would mean a gain of 57.54% for stock’s current value.
Varonis Systems Inc (VRNS) estimates and forecasts
Statistics highlight that Varonis Systems Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 3.12% of value to its shares in past 6 months, showing an annual growth rate of -33.33% while that of industry is 3.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.00% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 141.64M for the same. And 18 analysts are in estimates of company making revenue of 162.98M in the next quarter. Company posted 125.35M and 154.1M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.01% during past 5 years.
Varonis Systems Inc (NASDAQ:VRNS)’s Major holders
Insiders are in possession of 2.28% of company’s total shares while institution are holding 102.52 percent of that, with stock having share float percentage of 104.91%. Investors also watch the number of corporate investors in a company very closely, which is 102.52% institutions for Varonis Systems Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at VRNS for having 11.69 million shares of worth $560.81 million. And as of 2024-06-30, it was holding 10.6289 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 11.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.5727 of outstanding shares, having a total worth of $557.84 million.
