Brokerages Set Versant Corporation (NASDAQ:VSNT) PT at $37.75

Versant Corporation (NASDAQ:VSNT) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.75.

A number of equities analysts have recently commented on VSNT shares. The Goldman Sachs Group started coverage on shares of Versant in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $34.00 price target on the stock. Seaport Research Partners started coverage on shares of Versant in a research report on Tuesday, March 31st. They issued a “buy” rating and a $45.00 price target on the stock. Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. Raymond James Financial started coverage on shares of Versant in a research report on Tuesday, January 13th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen raised shares of Versant to a “hold” rating in a research report on Saturday, January 24th.

Insider Transactions at Versant

In related news, Director David C. Novak acquired 143,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $36.85 per share, for a total transaction of $5,269,550.00. Following the completion of the purchase, the director owned 158,560 shares in the company, valued at approximately $5,842,936. The trade was a 919.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Aaron Conway acquired 1,350 shares of the stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $36.14 per share, for a total transaction of $48,789.00. Following the purchase, the director owned 3,728 shares of the company’s stock, valued at $134,729.92. The trade was a 56.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 154,350 shares of company stock worth $5,679,039. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Versant

A number of institutional investors have recently bought and sold shares of the business. State of Tennessee Department of Treasury acquired a new stake in Versant during the fourth quarter worth $3,460,000. Barclays PLC acquired a new stake in Versant during the fourth quarter worth $112,000. Janney Montgomery Scott LLC acquired a new stake in Versant during the fourth quarter worth $203,000. HBK Sorce Advisory LLC acquired a new stake in Versant during the fourth quarter worth $646,000. Finally, Cheviot Value Management LLC acquired a new stake in Versant during the fourth quarter worth $795,000.

Versant Price Performance

NASDAQ:VSNT opened at $39.75 on Thursday. Versant has a 12 month low of $27.17 and a 12 month high of $59.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.02 and a current ratio of 4.02. The company has a 50 day moving average price of $33.97.

Versant Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.375 dividend. The ex-dividend date is Wednesday, April 1st.

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.