Varonis Systems Inc’s recently made public that its CFO and COO Melamed Guy unloaded Company’s shares for reported $4.91 million on Nov 13 ’24. In the deal valued at $53.70 per share,91,345 shares were sold. As a result of this transaction, Melamed Guy now holds 504,598 shares worth roughly $21.71 million.
Then, GUY MELAMED bought 91,345 shares, generating $4,905,884 in total proceeds.
Before that, O’Boyle James sold 50,000 shares. Varonis Systems Inc shares valued at $2,988,000 were divested by the Vice Chairman – Sales at a price of $59.76 per share. As a result of the transaction, O’Boyle James now holds 444,114 shares, worth roughly $19.11 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 jump 5.99% to $43.02. Over the last five days, the stock has lost -6.27%. Varonis Systems Inc shares have fallen nearly -3.17% since the year began. Nevertheless, the stocks have fallen -11.21% over the past one year. While a 52-week high of $60.58 was reached on 02/04/25, a 52-week low of $39.62 was recorded on 02/07/25. SMA at 50 days reached $45.97, while 200 days put it at $49.36.
Levels Of Support And Resistance For VRNS Stock
The 24-hour chart illustrates a support level at 41.91, which if violated will result in even more drops to 40.81. On the upside, there is a resistance level at 43.60. A further resistance level may holdings at 44.19. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.93%. Stochastics %K at 19.79% 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 2025-01-15, dropping by -0.49 million shares to a total of 11.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 11.55 million shares. There was a decline of -4.44%, which implies that there is a negative 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.
