Verint Systems Inc. (VRNT) CFO Sells $107,666.10 in Stock
Verint Systems Inc. (NASDAQ:VRNT) CFO Douglas Robinson sold 2,635 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total value of $107,666.10. Following the completion of the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The sale was disclosed in a filing with the SEC, which is available at this link.
Douglas Robinson also recently made the following trade(s):
- On Thursday, April 13th, Douglas Robinson sold 2,409 shares of Verint Systems stock. The stock was sold at an average price of $39.19, for a total value of $94,408.71.
- On Monday, April 10th, Douglas Robinson sold 3,503 shares of Verint Systems stock. The stock was sold at an average price of $40.60, for a total value of $142,221.80.
- On Wednesday, April 5th, Douglas Robinson sold 4,901 shares of Verint Systems stock. The stock was sold at an average price of $42.48, for a total value of $208,194.48.
Shares of Verint Systems Inc. (NASDAQ VRNT) traded up 2.82% during mid-day trading on Wednesday, reaching $41.90. The company had a trading volume of 516,600 shares. The company’s market capitalization is $2.63 billion. Verint Systems Inc. has a 12 month low of $31.52 and a 12 month high of $44.70. The firm’s 50-day moving average is $40.77 and its 200 day moving average is $38.84.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. The firm had revenue of $265.70 million for the quarter, compared to the consensus estimate of $259.97 million. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts predict that Verint Systems Inc. will post $2.71 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, June 14th. Imperial Capital reaffirmed an “in-line” rating and issued a $47.00 target price (up from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $49.00 target price on shares of Verint Systems in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.38.
A number of institutional investors have recently made changes to their positions in VRNT. Norges Bank acquired a new position in shares of Verint Systems during the fourth quarter worth $20,919,000. Ameriprise Financial Inc. acquired a new position in shares of Verint Systems during the first quarter worth $19,108,000. Penserra Capital Management LLC increased its position in shares of Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock worth $17,924,000 after buying an additional 405,957 shares during the period. Vista Equity Partners Management LLC acquired a new position in shares of Verint Systems during the first quarter worth $15,743,000. Finally, Alliancebernstein L.P. increased its position in shares of Verint Systems by 13.6% in the first quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock worth $122,522,000 after buying an additional 338,476 shares during the period. 95.95% of the stock is currently owned by hedge funds and other institutional investors.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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