Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Varonis Systems Inc shares valued at $4,905,884 were purchased by GUY MELAMED on Nov 13 ’24. At $53.71 per share, GUY MELAMED acquired 91,345 shares.
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Also, O’Boyle James sold 50,000 shares, netting a total of over 2,988,000 in proceeds. Following the sale of shares at $59.76 each, the insider now holds 444,114 shares.
Before that, JAMES OBOYLE had added 50,000 shares to its account. In a trade valued at $2,995,000, the Officer bought Varonis Systems Inc shares for $59.90 each.
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 drop of approximately -1.80%. Over the course of the year, Varonis Systems Inc shares have jumped approximately 15.35%. 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 $55.20, while a 200-day SMA reached $49.76. Nevertheless, trading volume fell to 1.68 million shares from 0.85 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 51.82, which, if violated, would cause prices to drop to 51.41. In the upper region, resistance lies at 52.87. The next price resistance is at 53.51. RSI (Relative Strength Index) is 41.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 74.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
