Dan Bodner, Chairman & CEO at Verint Systems (NASDAQ:VRNT), reported an insider sell on June 24, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Bodner sold 375,000 shares of Verint Systems. The total transaction amounted to $12,660,000.
The latest update on Tuesday morning shows Verint Systems shares down by 0.53%, trading at $34.08.
Discovering Verint Systems: A Closer Look
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.
Understanding the Numbers: Verint Systems's Finances
Revenue Growth: Verint Systems's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 2.18%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
Gross Margin: ...