The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Varonis Systems Inc shares valued at $2,988,000 were sold by O’Boyle James on Oct 15 ’24. At $59.76 per share, O’Boyle James sold 50,000 shares. The insider’s holdings dropped to 444,114 shares worth approximately $23.62 million following the completion of this transaction.
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Also, JAMES OBOYLE purchased 50,000 shares, netting a total of over 2,995,000 in proceeds.
Before that, O’Boyle James had sold 75,000 shares from its account. In a trade valued at $3,828,055, the Vice Chairman – Sales traded Varonis Systems Inc shares for $51.04 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $26.28 million.
As published in a research note from Robert W. Baird on July 30, 2024, Varonis Systems Inc [VRNS] has been rated up from a Neutral to an Outperform and the price target has been revised to $60 from $52. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid June. As of February 06, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for VRNS. Earlier on January 18, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for VRNS stock which previously was a “a Buy”.
Analyzing VRNS Stock Performance
During the last five days, there has been a surge of approximately 5.60%. Over the course of the year, Varonis Systems Inc shares have jumped approximately 17.47%. Shares of the company reached a 52-week high of $60.58 on 10/15/24 and a 52-week low of $41.13 on 06/04/24. A 50-day SMA is recorded $55.46, while a 200-day SMA reached $49.59. Nevertheless, trading volume fell to 1.1 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Varonis Systems Inc (VRNS)
According to the 24-hour chart, there is a support level at 52.78, which, if violated, would cause prices to drop to 52.38. In the upper region, resistance lies at 53.69. The next price resistance is at 54.20. RSI (Relative Strength Index) is 43.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 65.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
