Varonis Systems Inc. (VRNS) Performance and Fundamentals Dashboard tells a completely different story

Varonis Systems Inc. (NASDAQ: VRNS) stock jumped 1.22% on Wednesday to $25.74 against a previous-day closing price of $25.43. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $25.77 whereas the lowest price it dropped to was $25.08. The 52-week range on VRNS shows that it touched its highest point at $35.38 and its lowest point at $15.61 during that stretch. It currently has a 1-year price target of $31.58. Beta for the stock currently stands at 0.86.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VRNS was up-trending over the past week, with a rise of 7.21%, but this was up by 10.57% over a month. Three-month performance dropped to -6.23% while six-month performance rose 28.06%. The stock lost -24.76% in the past year, while it has gained 7.52% so far this year. A look at the trailing 12-month EPS for VRNS yields -1.04 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.02. This implies an EPS growth rate of -2.70% for this year and 14.20% for next year. EPS is expected to grow by 46.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -46.60%.

Float and Shares Shorts:

At present, 108.39 million VRNS shares are outstanding with a float of 105.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.59 million, which was 4.19% higher than short shares on Mar 30, 2023. In addition to Mr. Yakov Faitelson as the firm’s Co-Founder, Chairman, CEO & Pres, Mr. Ohad Korkus serves as its Co-Founder & Independent Director.

Institutional Ownership:

Through their ownership of 98.08% of VRNS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.39% of VRNS, in contrast to 44.63% held by mutual funds. Shares owned by individuals account for 12.45%. As the largest shareholder in VRNS with 9.40% of the stake, The Vanguard Group, Inc. holds 10,120,073 shares worth 10,120,073. A second-largest stockholder of VRNS, BlackRock Fund Advisors, holds 7,717,125 shares, controlling over 7.17% of the firm’s shares. William Blair Investment Manageme is the third largest shareholder in VRNS, holding 4,743,732 shares or 4.41% stake. With a 3.08% stake in VRNS, the First Trust NASDAQ Cybersecurity is the largest stakeholder. A total of 3,315,131 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.96% of VRNS stock, is the second-largest Mutual Fund holder. It holds 3,183,013 shares valued at 73.72 million. Vanguard Small Cap Index Fund holds 2.49% of the stake in VRNS, owning 2,674,711 shares worth 61.95 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VRNS reported revenue of $111.45M and operating income of -$37.57M. The EBITDA in the recently reported quarter was -$37.57M and diluted EPS was -$0.33.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VRNS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VRNS stock several times over the past three months with 2 Buys and 5 Sells. In these transactions, 151,688 shares were bought while 348,026 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 1,371,894 while 742,213 shares were sold.

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