Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells 16,233 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. This represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $27.19 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.25 and a beta of 1.28. Verint Systems Inc. has a 1 year low of $21.27 and a 1 year high of $38.17. The stock’s 50 day simple moving average is $25.14 and its two-hundred day simple moving average is $28.62.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VRNT. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Jefferies Financial Group boosted their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Verint Systems currently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Institutional Investors Weigh In On Verint Systems

Large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after buying an additional 489 shares during the last quarter. Innealta Capital LLC bought a new stake in Verint Systems during the second quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Verint Systems during the second quarter valued at approximately $43,000. Quantbot Technologies LP bought a new stake in shares of Verint Systems in the 3rd quarter valued at approximately $58,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Verint Systems in the 2nd quarter worth approximately $138,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.