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EdgarHawk

BODNER DAN

Chairman & CEO

Director Officer
2 filings analyzed · 1 company · Latest 2024-06-24

Companies

Company Buys Sells Direction
VERINT SYSTEMS INC VRNT 0 3 Net selling

Activity

June 2024
2024-06-24 VERINT SYSTEMS INC VRNT
high
Sell
375,000 shares
$12,660,000
Significance 6/10

CEO Dan Bodner sold 375,000 shares ($12.7M) at $33.76 on 2024-06-20; post-sale holdings 609,764 shares (-38.1% reduction).

Dan Bodner, Chairman & CEO of VRNT, executed a substantial open-market sale of 375,000 shares for $12,660,000.00, reducing his holdings by 38.1% from 984,764 to 609,764 shares. The sale at $33.76 occurred as the stock traded near its 52-week peak of $39.84 (current price $34.26 is -14.0% from that high), and followed two consecutive sales on 2024-06-18 at the same price point, suggesting a deliberate multi-tranche liquidation. His cross-ticker track record shows 15 prior sells with a 60.00% well-timed rate (positive 90-day outcomes), though at VRNT specifically his prior four measurable same-ticker sales posted positive 30-day returns (+2.9% to +9.7%), indicating those earlier VRNT exits preceded price gains rather than declines. The company trades at a P/E of 41.78 with modest annual revenue growth of +0.9%, and near-term stock momentum remains positive (+11.8% over 30 days), so the transaction offers no clear fundamental deterioration signal, but the concentrated large reduction in the CEO's own stake—executed at elevated valuations—may warrant examination of insider conviction levels and the timing of planned capital allocation decisions.

2024-06-20 VERINT SYSTEMS INC VRNT
medium
Sell
14,277 shares
$500,266
Significance 4/10

VRNT Chairman & CEO Dan Bodner sold 14,277 shares for $500,266.08 on 2024-06-18.

Dan Bodner sold two separate tranches totaling 14,277 shares at $35.04, representing a 1.4% reduction in his holdings to 984,764 shares post-transaction. The stock has since declined to $34.47 (currently -13.5% from its 52-week high), and Bodner's prior timing at VRNT has been mixed: his most recent measurable outcome (March 2024 sale) showed +11.8% upside 90 days later, suggesting he sold before a subsequent rise rather than before a decline. His broader cross-ticker track record shows a 60% well-timed sell rate with an average 90-day return of -10.8%, though this general pattern does not directly predict performance at VRNT. The sale occurs with the stock up 8.6% over 30 days and 11.4% over 90 days, and VRNT trades at a 42.04 P/E on modest 0.9% annual revenue growth, warranting attention to whether this disposal reflects reassessment of near-term valuation or is simply a periodic portfolio adjustment by an executive who remains invested with 984.8K shares.

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