Varonis Systems Inc’s recently made public that its CEO, President, Chairman Faitelson Yakov unloaded Company’s shares for reported $2.11 million on May 10 ’24. In the deal valued at $44.53 per share,47,457 shares were sold. As a result of this transaction, Faitelson Yakov now holds 1,452,922 shares worth roughly $62.21 million.
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Then, Faitelson Yakov sold 284,211 shares, generating $12,855,460 in total proceeds. Upon selling the shares at $45.23, the CEO, President, Chairman now owns 1,452,922 shares.
Before that, Iohan Gili sold 19,500 shares. Varonis Systems Inc shares valued at $985,530 were divested by the Director at a price of $50.54 per share. As a result of the transaction, Iohan Gili now holds 19,263 shares, worth roughly $0.82 million.
JP Morgan upgraded its Varonis Systems Inc [VRNS] rating to an Overweight from a a Neutral in a research note published on June 14, 2024; the price target was increased to $54 from $50. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “an Outperform”. DA Davidson also remained covering VRNS and has decreased its forecast on January 18, 2024 with a “Neutral” recommendation from previously “Buy” rating. Susquehanna started covering the stock on December 15, 2023. It rated VRNS as “a Positive”.
Price Performance Review of VRNS
On Friday, Varonis Systems Inc [NASDAQ:VRNS] saw its stock jump 2.34% to $42.82. Over the last five days, the stock has gained 1.09%. Varonis Systems Inc shares have fallen nearly -5.43% since the year began. Nevertheless, the stocks have risen 62.57% over the past one year. While a 52-week high of $52.88 was reached on 03/04/24, a 52-week low of $24.66 was recorded on 06/04/24. SMA at 50 days reached $44.12, while 200 days put it at $41.75. A total of 1.86 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For VRNS Stock
The 24-hour chart illustrates a support level at 42.07, which if violated will result in even more drops to 41.33. On the upside, there is a resistance level at 43.33. A further resistance level may holdings at 43.85. The Relative Strength Index (RSI) on the 14-day chart is 46.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.85%. Stochastics %K at 27.02% indicates the stock is a holding.
