Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $173,892.68 in Stock

Posted by Defense World Staff on Apr 15th, 2023

Verint Systems Inc. (NASDAQ:VRNT – Get Rating) insider Peter Fante sold 4,498 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $38.66, for a total transaction of $173,892.68. Following the completion of the transaction, the insider now directly owns 37,842 shares of the company’s stock, valued at $1,462,971.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Peter Fante also recently made the following trade(s):

On Monday, April 10th, Peter Fante sold 15,513 shares of Verint Systems stock. The shares were sold at an average price of $37.19, for a total transaction of $576,928.47.

Verint Systems Price Performance

Shares of VRNT opened at $38.13 on Friday. The business’s 50-day moving average is $37.43 and its two-hundred day moving average is $36.71. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.48. Verint Systems Inc. has a fifty-two week low of $31.63 and a fifty-two week high of $56.39.

Verint Systems (NASDAQ:VRNT – Get Rating) last announced its quarterly earnings results on Wednesday, March 29th. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Verint Systems had a return on equity of 15.36% and a net margin of 1.65%. The company had revenue of $236.75 million during the quarter, compared to analysts’ expectations of $233.92 million. On average, sell-side analysts forecast that Verint Systems Inc. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Verint Systems from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, March 30th. Jefferies Financial Group downgraded Verint Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $45.00 to $40.00 in a research note on Thursday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Verint Systems in a research note on Thursday, March 30th. Finally, StockNews.com assumed coverage on Verint Systems in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.63.

Hedge Funds Weigh In On Verint Systems

Large investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in Verint Systems by 2.9% in the fourth quarter. Amalgamated Bank now owns 10,336 shares of the technology company’s stock valued at $375,000 after buying an additional 287 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Verint Systems by 0.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 35,251 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 331 shares during the period. AQR Capital Management LLC boosted its position in Verint Systems by 3.2% during the fourth quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company’s stock worth $411,000 after purchasing an additional 355 shares in the last quarter. Equitable Trust Co. grew its holdings in Verint Systems by 4.9% in the third quarter. Equitable Trust Co. now owns 7,905 shares of the technology company’s stock valued at $265,000 after purchasing an additional 370 shares during the period. Finally, Pathstone Family Office LLC increased its position in shares of Verint Systems by 4.5% in the fourth quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company’s stock valued at $337,000 after buying an additional 397 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

About Verint Systems

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Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.

Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

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