Varonis Systems, Inc. (NASDAQ:VRNS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $48.81.

A number of equities research analysts recently commented on the company. Wedbush upgraded Varonis Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $35.00 to $65.00 in a research report on Tuesday, February 6th. DA Davidson reissued a “neutral” rating and issued a $45.00 price target (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Susquehanna started coverage on Varonis Systems in a report on Friday, December 15th. They issued a “positive” rating and a $55.00 price target for the company. Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Varonis Systems in a report on Tuesday, February 6th. Finally, Piper Sandler boosted their price target on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th.

View Our Latest Stock Report on Varonis Systems

Insider Transactions at Varonis Systems

In other news, Director Ofer Segev sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the completion of the sale, the director now owns 75,682 shares of the company’s stock, valued at $3,945,302.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Varonis Systems news, Director Gili Iohan sold 19,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the transaction, the director now owns 19,263 shares of the company’s stock, valued at approximately $973,552.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now directly owns 75,682 shares in the company, valued at approximately $3,945,302.66. The disclosure for this sale can be found here. Insiders sold 372,419 shares of company stock valued at $18,571,413 over the last quarter. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Varonis Systems

Several hedge funds have recently made changes to their positions in VRNS. Quadrant Capital Group LLC increased its position in Varonis Systems by 87.2% in the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after acquiring an additional 429 shares during the period. Dark Forest Capital Management LP acquired a new stake in Varonis Systems in the 1st quarter valued at approximately $26,000. Point72 Hong Kong Ltd acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $30,000. Pinebridge Investments L.P. acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $33,000. Finally, Captrust Financial Advisors increased its position in Varonis Systems by 35.9% in the 1st quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after acquiring an additional 366 shares during the period. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

VRNS stock opened at $47.17 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.50. The business has a 50-day moving average price of $48.42 and a 200 day moving average price of $41.67. The company has a market capitalization of $5.15 billion, a P/E ratio of -51.27 and a beta of 0.86. Varonis Systems has a 1-year low of $22.34 and a 1-year high of $52.88.

Varonis Systems (NASDAQ:VRNSGet Free Report) last announced its earnings results on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $154.10 million during the quarter, compared to the consensus estimate of $151.64 million. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. As a group, equities research analysts forecast that Varonis Systems will post -0.96 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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