Varonis Systems, Inc. (NASDAQ:VRNS) Given Consensus Rating of “Moderate Buy” by Brokerages

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $59.44.

Several research analysts recently commented on VRNS shares. Jefferies Financial Group reduced their price target on Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Citigroup decreased their target price on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an “overweight” rating and a $60.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $67.00 price objective on shares of Varonis Systems in a research report on Monday, January 6th. Finally, Barclays upped their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 7th.

Get Our Latest Stock Analysis on Varonis Systems

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Varonis Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after acquiring an additional 423 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Varonis Systems by 29.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock valued at $118,000 after purchasing an additional 603 shares during the last quarter. International Assets Investment Management LLC increased its position in Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,442 shares in the last quarter. KBC Group NV increased its position in Varonis Systems by 25.5% during the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock worth $184,000 after purchasing an additional 663 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Varonis Systems in the 3rd quarter valued at approximately $184,000. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Price Performance

Shares of VRNS opened at $44.31 on Friday. The company has a 50 day moving average of $46.81 and a 200-day moving average of $51.50. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $4.98 billion, a P/E ratio of -59.08 and a beta of 0.83. Varonis Systems has a twelve month low of $41.13 and a twelve month high of $60.58.

Varonis Systems (NASDAQ:VRNSGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. During the same period in the previous year, the business earned ($0.22) EPS. The company’s revenue was up 21.1% compared to the same quarter last year. As a group, equities research analysts forecast that Varonis Systems will post -0.7 EPS for the current fiscal year.

Varonis Systems Company Profile

(Get Free Report

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.

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Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

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