Varonis Systems is down a bit on the day, funds flowing out kept the price down -2.60% since yesterday. It looks like VRNS may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. Looking at momentum over the last couple of months, Varonis Systems has been fairly lackluster, investors have been selling. Over the past 3 months, owners of the Application Software company are down -8.64 percent, things aren't going great... I wouldn't be surprised to see more selling.
If the price breaks through the resistance level it will probably move up to the $43.91 level where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $33.85 it may head back up from there or break lower.
The analysts are pretty neutral on Varonis Systems right now, so not much useful information here. The current Analysts Sentiment Score is 4.17. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Robert W. Baird provided a price target boost of 4.17% to $50.00 from $48.00 on 2024-05-07. Royal Bank of Canada gave a boost to their price target and moved to $58.00 from $56.00 on 2024-05-07. On 2024-03-13 there was confirmation of the previous rating by Truist Financial which was Buy and moved up their price target to $55.00 which is a 10% increase. JPMorgan Chase & Co. provided a price target boost of 2.04% to $50.00 from $49.00 on 2024-02-06. Stephens reiterated a rating of Overweight on 2024-02-06 and they set their price target at $55.00. Wells Fargo & Company boosted their price targ by 7.14% to $45.00 on 2024-02-06. Piper Sandler gave a boost to their price target and moved to $45.00 from $40.00 on 2024-02-06. On 2024-02-06 there was an upgrade provided by Wedbush from Neutral to Outperform and also increased their price target by 85.71% to $65.00. JMP Securities reiterated a rating of Market Outperform on 2024-02-05 and added a price target of $63.00. DA Davidson reiterated a rating of Buy on 2024-01-18 and provided a price target boost 21.62% to $45.00 from $37.00.
| Company | Ratings Score
?
Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| VRNS | 4.17 | 5.19 | -0.78 | 3.93 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| VRNS | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| VRNS | 5.4 | %4.86092 | 6.2 | -4.554 | 5330000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Application Software | 106 | -4.81 | -3.60 | -8.17 | -14.21 | -7.16 | -1.64 | 46.14 | -2.13 | -0.64 | 3.57 | -16441.75 | -8028.36 | 20.99 | 2.59 | 4.33 | 1.57 |
| Technology | 278 | -7.07 | -6.18 | -10.62 | -18.08 | -12.10 | -7.65 | 42.99 | -11.25 | -8.55 | -3.83 | -18184.66 | -7194.25 | 19.06 | 0.99 | 4.45 | 1.36 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| VRNS |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TENB | Tenable Holdings, Inc. | 1.62 | -5.15 | -4.55 | -8.63 | -14.42 | -18.14 | -30.27 | 36 | -17.16 | -17.54 | -28.19 | -28283.71 | 302.92 | 0 | 0 | 3.5181 |
| NTNX | Nutanix, Inc. Class A Com | 1.61 | -9.23 | -8.79 | -8.00 | 4.20 | 10.38 | 2.48 | 48 | 22.39 | 34.87 | 29.95 | -2195.79 | -22809.74 | 100 | 0 | 3.39704 |
| RPD | Rapid7, Inc. Common Stock | 1.59 | -6.78 | -7.29 | -12.55 | -35.42 | -34.74 | -47.41 | 44 | -66.23 | -26.88 | -40.79 | -49823.62 | -486.25 | 0 | 0 | 5.4221 |
| HUBS | HUBSPOT, INC. | 1.49 | -11.00 | -9.33 | -17.56 | -24.74 | 2.57 | -15.78 | 37 | -0.70 | 0.69 | 8.00 | -7234.01 | -2708.21 | 0 | 0 | 1.84177 |
| SPT | Sprout Social, Inc Class | 1.43 | -8.03 | -7.95 | -15.49 | -34.42 | -27.44 | -62.99 | 24 | -16.44 | -17.42 | -30.45 | -78226.46 | 0.00 | 0 | 0 | 18.2011 |
| ESTC | Elastic N.V. | 1.38 | -10.04 | -10.33 | -13.46 | -16.69 | 7.48 | -15.78 | 43 | 1.07 | 2.09 | 6.91 | -12522.70 | 189.84 | 0 | 0 | 6.35 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
