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A company insider recently sold 35,039 shares of Verint Systems, Inc. [VRNT]. Should You also Consider to Sale?

Verint Systems, Inc.’s recent filing unveils that its Chairman & CEO BODNER DAN unloaded Company’s shares for reported $1.05 million on Apr 23 ’24. In the deal valued at $30.00 per share,35,039 shares were sold. As a result of this transaction, BODNER DAN now holds 991,748 shares worth roughly $32.13 million.

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Then, BODNER DAN sold 44,335 shares, generating $1,334,040 in total proceeds. Upon selling the shares at $30.09, the Chairman & CEO now owns 898,234 shares.

Before that, MORIAH ELAN sold 9,880 shares. Verint Systems, Inc. shares valued at $297,289 were divested by the President at a price of $30.09 per share. As a result of the transaction, MORIAH ELAN now holds 91,877 shares, worth roughly $2.98 million.

Oppenheimer downgraded its Verint Systems, Inc. [VRNT] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early September from “an Outperform” to “an In-line”. Jefferies also remained covering VRNT and has decreased its forecast on January 05, 2023 with a “Hold” recommendation from previously “Buy” rating. Goldman revised its rating on April 12, 2022. It rated VRNT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of VRNT

On Tuesday, Verint Systems, Inc. [NASDAQ:VRNT] saw its stock jump 3.58% to $32.40. Over the last five days, the stock has gained 2.99%. Verint Systems, Inc. shares have risen nearly 19.87% since the year began. Nevertheless, the stocks have fallen -3.08% over the past one year. While a 52-week high of $40.28 was reached on 03/28/24, a 52-week low of $18.41 was recorded on 01/04/24. SMA at 50 days reached $30.88, while 200 days put it at $28.02. A total of 0.53 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For VRNT Stock

The 24-hour chart illustrates a support level at 31.84, which if violated will result in even more drops to 31.29. On the upside, there is a resistance level at 32.68. A further resistance level may holdings at 32.97. The Relative Strength Index (RSI) on the 14-day chart is 60.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.37%. Stochastics %K at 72.30% indicates the stock is a holding.

The most recent change occurred on September 01, 2021 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $75 price target.

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