VRNT - Insider Unloading: Peter Fante Sells $261K Worth Of Verint Systems Shares | Benzinga
It was reported on April 4, that Peter Fante, Chief Administrative Officer at Verint Systems (NASDAQ:VRNT) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Fante sold 8,329 shares of Verint Systems. The total transaction amounted to $261,364.
As of Friday morning, Verint Systems shares are down by 0.51%, currently priced at $30.94.
Delving into Verint Systems's Background
Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement. The company's solutions help iconic brands close the gap created when it lacks the resources required to deliver experiences that fulfill customer expectations. Geographically, it derives a majority of its revenue from the United States.
A Deep Dive into Verint Systems's Financials
Revenue Growth: Verint Systems displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 12.22%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the ...