Varonis Systems Inc’s recent filing unveils that its Vice Chairman – Sales O’Boyle James unloaded Company’s shares for reported $2.99 million on Oct 15 ’24. In the deal valued at $59.76 per share,50,000 shares were sold. As a result of this transaction, O’Boyle James now holds 444,114 shares worth roughly $22.6 million.
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Then, JAMES OBOYLE bought 50,000 shares, generating $2,995,000 in total proceeds.
Before that, O’Boyle James sold 75,000 shares. Varonis Systems Inc shares valued at $3,828,055 were divested by the Vice Chairman – Sales at a price of $51.04 per share. As a result of the transaction, O’Boyle James now holds 494,114 shares, worth roughly $25.15 million.
Robert W. Baird upgraded its Varonis Systems Inc [VRNS] rating to an Outperform from a a Neutral in a research note published on July 30, 2024; the price target was increased to $60 from $52. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Wedbush also remained covering VRNS and has increased its forecast on February 06, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. DA Davidson revised its rating on January 18, 2024. It rated VRNS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VRNS
On Monday, Varonis Systems Inc [NASDAQ:VRNS] saw its stock fall -0.66% to $50.89. Over the last five days, the stock has lost -11.31%. Varonis Systems Inc shares have risen nearly 12.39% since the year began. Nevertheless, the stocks have risen 52.64% over the past one year. While a 52-week high of $60.58 was reached on 10/15/24, a 52-week low of $32.26 was recorded on 06/04/24. SMA at 50 days reached $55.74, while 200 days put it at $49.48.
Levels Of Support And Resistance For VRNS Stock
The 24-hour chart illustrates a support level at 50.32, which if violated will result in even more drops to 49.75. On the upside, there is a resistance level at 51.58. A further resistance level may holdings at 52.26. The Relative Strength Index (RSI) on the 14-day chart is 33.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.72%. Stochastics %K at 8.92% 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 2024-10-15, growing by 10498.0 shares to a total of 8.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.89 million shares. There was a rise of 0.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $55 price target.
