Verint Systems Inc. [VRNT] stock was sold by BODNER DAN at the price of US$0.98 million

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Verint Systems Inc.’s recently made public that its Chairman & CEO BODNER DAN unloaded Company’s shares for reported $0.98 million on Aug 21. In the deal valued at $32.56 per share,30,000 shares were sold. As a result of this transaction, BODNER DAN now holds 1,011,474 shares worth roughly $ 32.15 million.

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Then, BODNER DAN sold 29,230 shares, generating $1,120,386 in total proceeds. Upon selling the shares at $38.33, the Chairman & CEO now owns 1,041,474 shares.

Before that, Nottenburg Richard N sold 257 shares. Verint Systems Inc. shares valued at $9,442 were divested by the Director at a price of $36.74 per share. As a result of the transaction, Nottenburg Richard N now holds 5,274 shares, worth roughly $0.17 million.

Jefferies downgraded its Verint Systems Inc. [VRNT] rating to a Hold from a a Buy in a research note published on Friday, January 05, 2023; the price target was decreased to $40 from $45. PT values the company’s stock at a premium of 20.53 to its Friday closing price.

Price Performance Review of VRNT

On Friday, Verint Systems Inc. [NASDAQ:VRNT] saw its stock fall -1.85% to $31.79. On the same session, the stock had its day’s lowest price of $31.64, but rose to a high of $33.235. Over the last five days, the stock has lost -4.36%. Verint Systems Inc. shares have fallen nearly -12.38% since the year began. Nevertheless, the stocks have fallen -34.44% over the past one year. While a 52-week high of $48.29 was reached on 02/02/23, a 52-week low of $31.63 was recorded on 09/01/23. SMA at 50 days reached $35.32, while 200 days put it at $36.51. A total of 0.64 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For VRNT Stock

The 24-hour chart illustrates a support level at 31.21, which if violated will result in even more drops to 30.63. On the upside, there is a resistance level at 32.80. A further resistance level may holdings at 33.82. The Relative Strength Index (RSI) on the 14-day chart is 31.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.45%. Stochastics %K at 15.56% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Verint Systems Inc. stocks on Aug 14, 2023, dropping by -0.26 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.47 million shares. There was a decline of -11.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.52.

Verint Systems Inc. [VRNT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,661,126 shares, or roughly 11.92% of the outstanding VRNT shares. In other words, the investor’s shares have risen by 1,250,605 from its previous 13-F filing of 6410521.0. Additionally, Clal Pension & Provident Funds Lt decreased -3.52% of its stake after which the total value it holdings stand at $203,010,096, while BlackRock Fund Advisors added 1.49% of its stake to hold $164.19 million in the firm. Over the last quarter, Victory Capital Management, Inc. sold -655,887 shares of Verint Systems Inc., while Senvest Management LLC sold -116,923 shares. At present, RGM Capital LLC is holding 2,968,662 shares valued at $110.94 million. Cardinal Capital Management LLC owned 2,465,640 shares of the company at the time of its most recent 13F filing, worth $92.14 million.

According to FactSet, Verint Systems Inc.’s share price will average $46.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.02 percent from its previous closing price of $32.39. Analysts expect Verint Systems Inc. stock to reach the higher price of $50.00, while the lowest price estimate is $40.00. However, 7 analysts have rated VRNT stock as a Buy in their predictions for 2023.

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