Versant (NASDAQ:VSNT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Versant Corporation (NASDAQ:VSNT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $42.26. Versant shares last traded at $42.13, with a volume of 1,739,480 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VSNT shares. Seaport Research Partners reissued a “buy” rating and issued a $46.00 price objective on shares of Versant in a report on Monday. Zacks Research downgraded Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. assumed coverage on Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target for the company. Wall Street Zen raised Versant to a “hold” rating in a report on Saturday, January 24th. Finally, The Goldman Sachs Group increased their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $40.40.

Versant Stock Up 0.6%

The firm has a fifty day simple moving average of $39.19. The company has a market capitalization of $5.95 billion and a PE ratio of 21.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32.

Versant (NASDAQ:VSNT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. Equities analysts anticipate that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st were given a $0.375 dividend. The ex-dividend date was Wednesday, April 1st. Versant’s dividend payout ratio is presently 75.38%.

Insiders Place Their Bets

In other Versant news, Director Gerald L. Hassell acquired 10,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was purchased at an average price of $36.07 per share, for a total transaction of $360,700.00. Following the completion of the transaction, the director owned 12,680 shares of the company’s stock, valued at $457,367.60. The trade was a 373.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Aaron Conway acquired 1,350 shares of the business’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $36.14 per share, with a total value of $48,789.00. Following the transaction, the director directly owned 3,728 shares of the company’s stock, valued at $134,729.92. This represents a 56.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 154,350 shares of company stock worth $5,679,039. 7.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSNT. Citizens National Bank Trust Department purchased a new position in Versant in the first quarter worth $26,000. Root Financial Partners LLC purchased a new position in Versant in the first quarter worth $28,000. Parallel Advisors LLC purchased a new position in shares of Versant in the first quarter valued at $32,000. Advocate Investing Services LLC purchased a new position in shares of Versant in the first quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Versant in the first quarter valued at $35,000.

Versant Company Profile

Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.