A Guide To The Risks Of Investing In Varonis Systems Inc. (VRNS)

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Varonis Systems Inc.’s filing revealed that its SVP of Worldwide Sales O’Boyle James acquired Company’s shares for reported $1.0 million on Nov 07. In the deal valued at $16.72 per share,60,000 shares were bought. As a result of this transaction, O’Boyle James now holds 428,989 shares worth roughly $ 7.12 million.


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Then, Melamed Guy bought 14,285 shares, generating $249,988 in total proceeds. Upon buying the shares at $17.50, the CFO and COO now owns 465,951 shares.

Before that, Kess Avrohom J. bought 1,650 shares. Varonis Systems Inc. shares valued at $28,809 were divested by the Director at a price of $17.46 per share. As a result of the transaction, Kess Avrohom J. now holds 10,460 shares, worth roughly $0.17 million.

Wells Fargo downgraded its Varonis Systems Inc. [VRNS] rating to an Underweight from a an Overweight in a research note published on Monday, November 01, 2022; the price target was decreased to $24 from $35. PT values the company’s stock at a premium of 30.88 to its Monday closing price. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Piper Sandler also remained covering VRNS and has decreased its forecast on November 01, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Craig Hallum revised its rating on November 01, 2022. It rated VRNS as “a Hold” which previously was an “a Buy”.

Price Performance Review of VRNS

On Monday, Varonis Systems Inc. [NASDAQ:VRNS] saw its stock jump 3.62% to $16.59. On the same session, the stock had its day’s lowest price of $15.61, but rose to a high of $16.79. Over the last five days, the stock has lost -38.03%. Varonis Systems Inc. shares have fallen nearly -65.99% since the year began. Nevertheless, the stocks have fallen -73.34% over the past one year. While a 52-week high of $65.12 was reached on 04/14/22, a 52-week low of $15.85 was recorded on 11/07/22. SMA at 50 days reached $25.89, while 200 days put it at $33.62. A total of 2.33 million shares were traded, compared to the trading of 5.25 million shares in the previous session.

Levels Of Support And Resistance For VRNS Stock

The 24-hour chart illustrates a support level at 15.87, which if violated will result in even more drops to 15.15. On the upside, there is a resistance level at 17.05. A further resistance level may holdings at 17.51. The Relative Strength Index (RSI) on the 14-day chart is 25.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.14%. Stochastics %K at 3.69% indicates the stock is a buying.

How much short interest is there in Varonis Systems Inc.?

A steep rise in short interest was recorded in Varonis Systems Inc. stocks on Jul 14, 2022, dropping by -0.36 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.71 million shares. There was a decline of -10.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.24.

Varonis Systems Inc. [VRNS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,298,861 shares, or roughly 9.37% of the outstanding VRNS shares. In other words, the investor’s shares have risen by 568,613 from its previous 13-F filing of 9730248.0. Additionally, Wellington Management Co. LLP decreased -24.46% of its stake after which the total value it holdings stand at $243,115,523, while BlackRock Fund Advisors reduced -3.75% of its stake to hold $196.18 million in the firm. Over the last quarter, William Blair Investment Manageme purchased 715,504 shares of Varonis Systems Inc., while AllianceBernstein LP bought 35,196 shares. At present, First Trust Advisors LP is holding 3,715,487 shares valued at $98.53 million. ClearBridge Investments LLC owned 3,470,989 shares of the company at the time of its most recent 13F filing, worth $92.05 million.

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