The Vanguard Group, Inc. has recently announced that it has increased stake in Varonis Systems Inc (NASDAQ:VRNS) by 1.58%. After grabbing 10.93 million shares, the institutional investor is now in possession of 0.17 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.04% having worth around $495.07 million. Moreover, First Trust Advisors LP increased its share by 0.36 million to have a control over 4.1 million shares. And ClearBridge Investments LLC raised its holdings to 8244.0 shares by acquiring 3.65 million shares or 3.35% of the stake.
Varonis Systems Inc (VRNS) concluded trading on Thursday at a closing price of $45.52, with 2.82 million shares of worth about $128.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 66.01% during that period and on Thursday, January 25 the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 107.67M shares, out of which, 105.34M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 923,869 shares in 25 of the transactions. In 11 selling transactions, insiders dumped 624,429 shares.
First Trust NASDAQ Cybersecurity, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Varonis Systems Inc First Trust NASDAQ Cybersecurity is currently holding 3.91 million shares of worth totaling $176.85 million. The company recently came selling 3546.0 shares which brought its stake up to 3.59% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 3141.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 3.26 million shares with the mutual fund that have a worth of about $147.71 million. iShares Russell 2000 ETF, after selling 2.93 million shares, have now control over 2.69% of the stake in the company. It holds 7776.0 shares of worth $132.89 million.
However, the stock later moved at a day high price of 46.43, or with a gain of 0.64%. Stock saw a price change of 2.50% in past 5 days and over the past one month there was a price change of 0.95%. Year-to-date (YTD), VRNS shares are showing a performance of 0.53% which increased to 78.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.34 but also hit the highest price of $47.29 during that period. The average intraday trading volume for Varonis Systems Inc shares is 1.25 million. The stock is currently trading 1.39% above its 20-day simple moving average (SMA20), while that difference is up 5.68% for SMA50 and it goes to 42.39% higher than SMA200.
The Vanguard Group, Inc. acquired 10.93 million shares of Varonis Systems Inc having value of about $495.07 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.17 million shares in the company valued at close to $7746548.08, or have control over 1.58% stake in the company. Varonis Systems Inc (NASDAQ: VRNS) currently have 107.67M outstanding shares and institutions hold larger chunk of about 94.95% of that. Holding of mutual funds in the company is about 39.97% while other institutional holders and individual stake holders have control over 56.09% and 12.06% of the stake respectively.
The stock has a current market capitalization of $4.96B and its 3Y-monthly beta is at 0.83. It has posted earnings per share of -$1.01 in the same period. It has Quick Ratio of 2.57 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VRNS, volatility over the week remained 2.33% while standing at 2.63% over the month.
Analysts are in expectations that Varonis Systems Inc (VRNS) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.19 which is $0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.83% while it is estimated to increase by 21.13% in next year. EPS is likely to grow at an annualized rate of 46.80% for next 5-years, compared to annual growth of -46.65% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on January 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $37 and $45 to it.
