The CAO of Verint Systems Inc (VRNT) is Selling Shares

Today, the CAO of Verint Systems Inc (NASDAQ: VRNT), Peter Fante, sold shares of VRNT for $1.01M.

In addition to Peter Fante, 6 other VRNT executives reported Sell trades in the last month.

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Based on Verint Systems Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $306 million and quarterly net profit of $21.98 million. In comparison, last year the company earned revenue of $275 million and had a GAAP net loss of $6.43 million. VRNT’s market cap is $3.12B and the company has a P/E ratio of 80.08. Currently, Verint Systems Inc has an average volume of 584.7K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.67, reflecting a 20.2% upside.

The insider sentiment on Verint Systems Inc has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Verint Systems, Inc. engages in the provision of actionable intelligence. It operates through the following segments: Enterprise Intelligence Solutions, Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions. The Enterprise Intelligence segment includes solutions for customer analytics, engagement management, and workforce optimization.