Versant (NASDAQ:VSNT) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Versant (NASDAQ:VSNT) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $43.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.09% from the stock’s previous close.

VSNT has been the topic of a number of other reports. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Seaport Research Partners initiated coverage on shares of Versant in a research note on Tuesday, March 31st. They issued a “buy” rating and a $45.00 target price for the company. Wolfe Research initiated coverage on shares of Versant in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $52.00 target price for the company. Weiss Ratings upgraded shares of Versant from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, The Goldman Sachs Group initiated coverage on shares of Versant in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $34.00 target price for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Versant has a consensus rating of “Reduce” and a consensus target price of $38.80.

Versant Trading Up 0.4%

NASDAQ VSNT opened at $41.31 on Tuesday. 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’s 50 day simple moving average is $38.02. Versant has a 52-week low of $27.17 and a 52-week high of $59.00.

Insider Buying and Selling at Versant

In related news, Director Michael Aaron Conway purchased 1,350 shares of the firm’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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerald L. Hassell purchased 10,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $36.07 per share, with a total value of $360,700.00. Following the acquisition, the director owned 12,680 shares of the company’s stock, valued at approximately $457,367.60. The trade was a 373.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 154,350 shares of company stock worth $5,679,039 over the last three months.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citizens National Bank Trust Department purchased a new position in shares of Versant in the first quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of Versant in the first quarter worth $28,000. Parallel Advisors LLC purchased a new position in shares of Versant in the first quarter worth $32,000. Advocate Investing Services LLC purchased a new position in shares of Versant in the first quarter worth $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Versant in the first quarter worth $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.