Insider Selling: Verint Systems Inc. (VRNT) CEO Sells 30,097 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 30,097 shares of Verint Systems stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $63.20, for a total transaction of $1,902,130.40. Following the transaction, the chief executive officer now directly owns 652,131 shares in the company, valued at $41,214,679.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dan Bodner also recently made the following trade(s):

  • On Monday, April 15th, Dan Bodner sold 48,545 shares of Verint Systems stock. The shares were sold at an average price of $62.46, for a total transaction of $3,032,120.70.

NASDAQ VRNT traded down $0.13 on Tuesday, hitting $61.70. 662,040 shares of the stock were exchanged, compared to its average volume of 476,609. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. Verint Systems Inc. has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The stock has a market capitalization of $4.17 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The company had revenue of $330.20 million during the quarter, compared to analysts’ expectations of $332.54 million. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Verint Systems Inc. will post 2.75 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Enlightenment Research LLC acquired a new position in Verint Systems during the 4th quarter worth approximately $25,000. Quantamental Technologies LLC acquired a new position in Verint Systems during the 4th quarter worth approximately $28,000. First Hawaiian Bank grew its holdings in Verint Systems by 56.6% during the 4th quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after acquiring an additional 414 shares in the last quarter. Truvestments Capital LLC acquired a new position in Verint Systems during the 1st quarter worth approximately $60,000. Finally, Psagot Investment House Ltd. grew its holdings in Verint Systems by 123.7% during the 4th quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock worth $137,000 after acquiring an additional 3,048 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

VRNT has been the subject of a number of recent analyst reports. TheStreet cut shares of Verint Systems from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. Jefferies Financial Group initiated coverage on shares of Verint Systems in a research report on Thursday, January 10th. They set a “buy” rating and a $53.00 price target for the company. Wedbush reiterated a “buy” rating on shares of Verint Systems in a research report on Monday, January 14th. ValuEngine upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Finally, BidaskClub upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $62.57.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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

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