While Varonis Systems Inc has overperformed by 3.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VRNS rose by 70.17%, with highs and lows ranging from $58.32 to $29.47, whereas the simple moving average jumped by 12.10% in the last 200 days.
On July 30, 2024, Robert W. Baird Upgraded Varonis Systems Inc (NASDAQ: VRNS) to Outperform. A report published by JP Morgan on June 14, 2024, Upgraded its rating to ‘Overweight’ for VRNS. Wedbush also Upgraded VRNS shares as ‘Outperform’, setting a target price of $65 on the company’s shares in a report dated February 06, 2024. DA Davidson January 18, 2024d the rating to Neutral on January 18, 2024, and set its price target from $37 to $45. Susquehanna initiated its ‘Positive’ rating for VRNS, as published in its report on December 15, 2023. JP Morgan’s report from October 27, 2023 suggests a price prediction of $35 for VRNS shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
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Analysis of Varonis Systems Inc (VRNS)
Further, the quarter-over-quarter increase in sales is 12.93%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Varonis Systems Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -19.01% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.44, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VRNS is recording an average volume of 1.51M. On a monthly basis, the volatility of the stock is set at 2.67%, whereas on a weekly basis, it is put at 3.46%, with a gain of 1.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $58.25, showing growth from the present price of $52.89, which can serve as yet another indication of whether VRNS is worth investing in or should be passed over.
How Do You Analyze Varonis Systems Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.12% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VRNS shares are owned by institutional investors to the tune of 101.12% at present.
