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An Analysis of Verint Systems, Inc. (VRNT)’s Potential Price Growth

Verint Systems, Inc.’s recent filing unveils that its OFFICER ELAN MORIAH acquired Company’s shares for reported $0.21 million on Sep 12 ’24. In the deal valued at $25.81 per share,7,952 shares were bought.

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Then, GRANT HIGHLANDER bought 3,763 shares, generating $97,123 in total proceeds.

Before that, PETER FANTE bought 7,030 shares. Verint Systems, Inc. shares valued at $181,444 were divested by the OFFICER at a price of $25.81 per share.

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 Monday, Verint Systems, Inc. [NASDAQ:VRNT] saw its stock fall -0.08% to $26.36. Over the last five days, the stock has gained 2.13%. Verint Systems, Inc. shares have fallen nearly -2.48% since the year began. Nevertheless, the stocks have risen 9.24% over the past one year. While a 52-week high of $38.17 was reached on 06/12/24, a 52-week low of $18.41 was recorded on 09/12/24. SMA at 50 days reached $31.74, while 200 days put it at $30.69.

Levels Of Support And Resistance For VRNT Stock

The 24-hour chart illustrates a support level at 26.03, which if violated will result in even more drops to 25.71. On the upside, there is a resistance level at 26.77. A further resistance level may holdings at 27.19. The Relative Strength Index (RSI) on the 14-day chart is 31.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.86%. Stochastics %K at 13.16% 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 2024-08-30, growing by 0.91 million shares to a total of 4.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.42 million shares. There was a rise of 21.02%, which implies that there is a positive sentiment for the stock.

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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