Varonis Systems, Inc. (VRNS): Holding Out For A Rebound

Wall Street analysts will be watching closely when Varonis Systems, Inc. (NASDAQ:VRNS) reports its quarterly earnings next, which is scheduled for Mon 29 Apr (In 76 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.23 per share. In the preceding quarter, the company reportedly generated EPS of $0.54 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -10.80%, a profit margin of -11.50% and a gross margin of 89.90%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Varonis Systems, Inc. (NASDAQ:VRNS). Most recently, on February 12th, 2019, RBC Capital Mkts Reiterated a Outperform rating. Before that, on February 12th, 2019, Oppenheimer Reiterated to Outperform. Jefferies Reiterated a Buy rating on February 12th, 2019, The Benchmark Company Downgrade an Hold rating on February 12th, 2019, and Stifel Downgrade a Hold rating on February 12th, 2019.

At its current price point, combined with the fact that this company has 29.28M shares outstanding, the current market capitalization sits at 1.62B. In the last trading day, 6,778,662 shares of Varonis Systems, Inc. were traded, which compares to its usual volume of about 261.64K shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$7.77 in the past five trading days, resulting in a percentage change of -12.33% and a moving average of 61.15. In the past 20 days, its price changed by $4.57 (which is +9.02%) and the stock’s moving average was 57.08. Looking back a full 50 days, shares of VRNS changed by -$2.19 (which is -3.81%) and demonstrated a moving average of 55.47.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 71.59%, a 14-day Stochastic %K score of 74.35% and a 20-day Stochastic %K score of 75.02%. Using a similar metric, Varonis Systems, Inc. (VRNS) shares showed a Stochastic %D of 79.70% over the past 9 days, a Stochastic %D score of 83.95% over the last 14 days, and a 20-day Stochastic %D of 84.70%. Meanwhile, this stock’s MACD Oscillator was -0.70 over the past 9 days, 1.25 over the past two weeks, and 3.57 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $55.23 level. Over the past 12 months, this stock has experienced a high price of $83.10 and a low of $48.67. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Varonis Systems, Inc. (NASDAQ:VRNS) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 2,569,807 shares of the company’s stock following the addition of 656,642 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 8.72% stake in Varonis Systems, Inc. (VRNS)’s shares.

Just in the most recent trading day, Varonis Systems, Inc. (NASDAQ:VRNS) experienced a high price of $56.88 and low point of $49.5. At the end of the last trading session, this stock was at 55.23 per share, following a loss of -$13.95, or -13.65% during the full day.