Varonis Systems Inc’s filing revealed 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 $20.88 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 $18.38 million.
A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “an Outperform”. JP Morgan also remained covering VRNS and has increased its forecast on June 14, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wedbush revised its rating on February 06, 2024. It rated VRNS as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of VRNS
On Monday, Varonis Systems Inc [NASDAQ:VRNS] saw its stock jump 0.93% to $41.38. Over the last five days, the stock has lost -0.17%. Varonis Systems Inc shares have fallen nearly -6.86% since the year began. Nevertheless, the stocks have fallen -15.88% over the past one year. While a 52-week high of $60.58 was reached on 02/04/25, a 52-week low of $39.10 was recorded on 03/13/25. SMA at 50 days reached $43.01, while 200 days put it at $49.03.
Levels Of Support And Resistance For VRNS Stock
The 24-hour chart illustrates a support level at 41.14, which if violated will result in even more drops to 40.89. On the upside, there is a resistance level at 41.64. A further resistance level may holdings at 41.89. The Relative Strength Index (RSI) on the 14-day chart is 47.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.68%. Stochastics %K at 57.03% indicates the stock is a holding.
How much short interest is there in Varonis Systems Inc?
A steep rise in short interest was recorded in Varonis Systems Inc stocks on 2025-02-28, growing by 1.72 million shares to a total of 11.9 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.18 million shares. There was a rise of 14.42%, which implies that there is a positive sentiment for the stock.
