Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) CFO Sells 2,791 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Douglas Robinson sold 2,791 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $44.17, for a total transaction of $123,278.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Douglas Robinson also recently made the following trade(s):

  • On Monday, June 28th, Douglas Robinson sold 2,454 shares of Verint Systems stock. The stock was sold at an average price of $45.12, for a total transaction of $110,724.48.

NASDAQ VRNT traded up $0.05 on Thursday, hitting $44.77. 551,099 shares of the stock were exchanged, compared to its average volume of 993,036. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. Verint Systems Inc. has a fifty-two week low of $22.83 and a fifty-two week high of $52.70. The company has a market cap of $2.93 billion, a PE ratio of -165.81, a PEG ratio of 2.17 and a beta of 0.86. The company has a 50-day moving average price of $43.18 and a 200-day moving average price of $45.38.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.16. Verint Systems had a negative net margin of 0.36% and a positive return on equity of 13.51%. The business had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $207.96 million. During the same quarter in the prior year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that Verint Systems Inc. will post 1.43 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Dark Forest Capital Management LP purchased a new position in shares of Verint Systems in the 2nd quarter valued at about $29,000. Altshuler Shaham Ltd acquired a new stake in Verint Systems in the 1st quarter valued at about $58,000. Jacobi Capital Management LLC acquired a new stake in shares of Verint Systems during the 1st quarter worth about $73,000. William Blair Investment Management LLC acquired a new stake in shares of Verint Systems during the 2nd quarter worth about $89,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Verint Systems during the 2nd quarter worth about $226,000.

Several equities research analysts have weighed in on the stock. Cowen began coverage on shares of Verint Systems in a research note on Wednesday, September 1st. They issued an “outperform” rating and a $75.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Verint Systems in a research report on Friday, September 10th. Zacks Investment Research lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 3rd. Finally, Evercore ISI initiated coverage on shares of Verint Systems in a research report on Wednesday, June 2nd. They issued an “outperform” rating and a $75.00 target price on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $65.38.

About Verint Systems

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.

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

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