Versant Corporation (NASDAQ:VSNT – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,032,289 shares, an increase of 139.3% from the April 30th total of 1,684,705 shares. Based on an average daily trading volume, of 2,134,388 shares, the short-interest ratio is currently 1.9 days. Approximately 3.1% of the company’s shares are short sold.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. TD Cowen started coverage on shares of Versant in a report on Monday, March 2nd. They issued a “hold” rating and a $32.00 price target on the stock. Seaport Research Partners restated a “buy” rating and issued a $46.00 price objective on shares of Versant in a report on Monday, May 18th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group lifted their target price on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Versant has an average rating of “Hold” and a consensus target price of $40.40.
Read Our Latest Research Report on VSNT
Versant Stock Performance
Versant (NASDAQ:VSNT – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. Equities research analysts forecast that Versant will post 4.35 EPS for the current year.
Versant Dividend Announcement
The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio is presently 75.38%.
Insider Activity
In related news, Director Michael Aaron Conway acquired 1,350 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $36.14 per share, for a total transaction of $48,789.00. Following the completion of the acquisition, the director owned 3,728 shares in the company, valued at approximately $134,729.92. This represents a 56.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director David C. Novak purchased 143,000 shares of Versant stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $36.85 per share, for a total transaction of $5,269,550.00. Following the completion of the transaction, the director owned 158,560 shares in the company, valued at $5,842,936. The trade was a 919.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 154,350 shares of company stock valued at $5,679,039. 0.14% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Versant
Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new position in Versant in the fourth quarter valued at about $24,134,000. Cheviot Value Management LLC bought a new stake in shares of Versant during the 4th quarter valued at about $795,000. HBK Sorce Advisory LLC bought a new stake in shares of Versant during the 4th quarter valued at about $646,000. Lewis Asset Management LLC purchased a new stake in shares of Versant during the 1st quarter valued at about $634,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Versant during the 1st quarter valued at about $103,000.
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.
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