Varonis Systems, Inc. (NASDAQ:VRNS) Given Average Recommendation of “Buy” by Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been assigned a consensus rating of “Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.49.

Several research analysts have commented on VRNS shares. Wells Fargo & Company assumed coverage on shares of Varonis Systems in a report on Monday, October 4th. They set an “equal weight” rating and a $66.00 price objective for the company. Zacks Investment Research upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Friday, October 8th. Wolfe Research assumed coverage on shares of Varonis Systems in a research report on Friday, August 6th. They set an “outperform” rating and a $80.00 target price on the stock. Finally, JMP Securities restated a “buy” rating on shares of Varonis Systems in a research report on Tuesday, November 2nd.

In other news, SVP James O’boyle sold 104,823 shares of the stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $68.75, for a total transaction of $7,206,581.25. Following the transaction, the senior vice president now directly owns 358,702 shares in the company, valued at $24,660,762.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yakov Faitelson sold 31,072 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $73.03, for a total transaction of $2,269,188.16. Following the completion of the sale, the chief executive officer now owns 547,137 shares of the company’s stock, valued at $39,957,415.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,155 shares of company stock worth $13,848,398. Insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of VRNS. Berman Capital Advisors LLC grew its position in shares of Varonis Systems by 42.5% in the third quarter. Berman Capital Advisors LLC now owns 607 shares of the technology company’s stock valued at $36,000 after purchasing an additional 181 shares during the period. Parallel Advisors LLC raised its stake in shares of Varonis Systems by 52.9% in the 3rd quarter. Parallel Advisors LLC now owns 636 shares of the technology company’s stock valued at $39,000 after acquiring an additional 220 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Varonis Systems in the 2nd quarter valued at approximately $48,000. Captrust Financial Advisors raised its stake in shares of Varonis Systems by 110.5% in the 3rd quarter. Captrust Financial Advisors now owns 884 shares of the technology company’s stock valued at $54,000 after acquiring an additional 464 shares during the period. Finally, Baillie Gifford & Co. increased its stake in Varonis Systems by 46.2% during the 2nd quarter. Baillie Gifford & Co. now owns 934 shares of the technology company’s stock worth $54,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 95.34% of the company’s stock.

VRNS opened at $51.13 on Friday. The firm has a 50-day simple moving average of $60.75 and a two-hundred day simple moving average of $59.47. Varonis Systems has a 52 week low of $39.03 and a 52 week high of $75.33. The company has a market capitalization of $5.49 billion, a PE ratio of -46.91 and a beta of 1.18. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt-to-equity ratio of 0.39.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Sunday, October 31st. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Varonis Systems had a negative net margin of 30.93% and a negative return on equity of 19.47%. The business had revenue of $100.40 million during the quarter, compared to the consensus estimate of $97.45 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue was up 30.7% on a year-over-year basis. As a group, sell-side analysts expect that Varonis Systems will post -0.75 earnings per share for the current year.

Varonis Systems Company Profile

Varonis Systems, Inc engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns.

Featured Article: What is a closed-end mutual fund (CEF)?

Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.