Varonis Systems, Inc. (NASDAQ:VRNS) had its price objective lifted by Jefferies Group LLC from $52.00 to $55.00 in a research note issued to investors on Friday morning. They currently have a buy rating on the technology company’s stock.
Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated a buy rating and set a $44.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Varonis Systems from a hold rating to a buy rating and set a $49.00 price target on the stock in a research note on Thursday. Stifel Nicolaus reaffirmed a buy rating and issued a $48.00 price target (up from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Barclays PLC reiterated a hold rating and issued a $45.00 price objective on shares of Varonis Systems in a report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Varonis Systems from a sell rating to a hold rating in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $44.90.
Shares of Varonis Systems (NASDAQ VRNS) opened at $49.00 on Friday.
Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The company had revenue of $53.60 million during the quarter, compared to analyst estimates of $50.53 million. Varonis Systems had a negative return on equity of 19.29% and a negative net margin of 7.91%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) earnings per share. equities analysts expect that Varonis Systems will post -0.58 earnings per share for the current fiscal year.
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In related news, Director Gili Iohan sold 50,000 shares of Varonis Systems stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $39.32, for a total transaction of $1,966,000.00. Following the completion of the sale, the director now owns 59,650 shares of the company’s stock, valued at approximately $2,345,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Guy Melamed sold 1,150 shares of Varonis Systems stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $38.35, for a total transaction of $44,102.50. Following the sale, the chief financial officer now directly owns 96,295 shares of the company’s stock, valued at approximately $3,692,913.25. The disclosure for this sale can be found here. Insiders sold a total of 465,013 shares of company stock worth $19,116,878 over the last quarter. Company insiders own 19.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after acquiring an additional 296 shares during the period. NorthCoast Asset Management LLC increased its position in Varonis Systems by 1.1% in the 2nd quarter. NorthCoast Asset Management LLC now owns 39,241 shares of the technology company’s stock valued at $1,460,000 after acquiring an additional 426 shares during the period. American International Group Inc. increased its position in Varonis Systems by 7.1% in the 1st quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock valued at $209,000 after acquiring an additional 437 shares during the period. Legal & General Group Plc increased its position in Varonis Systems by 39.6% in the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,223 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Varonis Systems by 10.2% in the 2nd quarter. Trexquant Investment LP now owns 15,895 shares of the technology company’s stock valued at $591,000 after purchasing an additional 1,476 shares during the last quarter. 81.96% of the stock is owned by institutional investors.
About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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