According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
A number of other analysts have also recently commented on the stock. BidaskClub cut shares of Varonis Systems from a buy rating to a hold rating in a research note on Saturday, March 16th. Jefferies Financial Group reiterated a buy rating and issued a $73.00 target price (down from $81.00) on shares of Varonis Systems in a research note on Tuesday, February 12th. CIBC lowered their target price on shares of Varonis Systems from $80.00 to $68.00 and set an outperform rating on the stock in a research note on Tuesday, February 12th. Craig Hallum upgraded shares of Varonis Systems from a hold rating to a buy rating in a research note on Tuesday, January 29th. Finally, JMP Securities cut shares of Varonis Systems from an outperform rating to a market perform rating in a research note on Tuesday, February 12th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $67.48.
Shares of VRNS stock opened at $59.99 on Wednesday. The company has a market cap of $1.80 billion, a P/E ratio of -61.21 and a beta of 0.96. Varonis Systems has a 12 month low of $48.67 and a 12 month high of $83.10.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 11th. The technology company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. The company had revenue of $87.52 million for the quarter, compared to analysts’ expectations of $87.33 million. Varonis Systems had a negative net margin of 10.57% and a negative return on equity of 24.02%. As a group, research analysts predict that Varonis Systems will post -1.16 earnings per share for the current fiscal year.
In other news, CEO Yakov Faitelson sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $54.72, for a total transaction of $1,641,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of VRNS. Psagot Investment House Ltd. grew its holdings in shares of Varonis Systems by 32.0% during the 4th quarter. Psagot Investment House Ltd. now owns 1,061 shares of the technology company’s stock valued at $56,000 after purchasing an additional 257 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Varonis Systems by 257.1% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,500 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,800 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Varonis Systems during the 3rd quarter valued at $243,000. Amalgamated Bank bought a new position in shares of Varonis Systems during the 4th quarter valued at $218,000. Finally, United Services Automobile Association grew its holdings in shares of Varonis Systems by 27.0% during the 3rd quarter. United Services Automobile Association now owns 4,243 shares of the technology company’s stock valued at $311,000 after purchasing an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
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