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Stock analysts at Imperial Capital reduced their price target on shares of Varonis Systems (NASDAQ:VRNS) from $35.00 to $30.00 in a report issued on Monday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective points to a potential upside of 36.30% from the stock’s previous close.

A number of other firms have also recently commented on VRNS. Analysts at Needham & Company LLC cut their price target on shares of Varonis Systems from $48.00 to $45.00 in a research note on Tuesday, May 6th. Separately, analysts at RBC Capital cut their price target on shares of Varonis Systems from $50.00 to $43.00 in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group cut their price target on shares of Varonis Systems from $45.00 to $38.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.60.

Shares of Varonis Systems (NASDAQ:VRNS) traded up 0.46% during mid-day trading on Monday, hitting $22.01. 107,217 shares of the company’s stock traded hands. Varonis Systems has a one year low of $21.18 and a one year high of $56.80. The stock’s 50-day moving average is $29.21 and its 200-day moving average is $34.33. The company’s market cap is $243.9 million.

Varonis Systems (NASDAQ:VRNS) last released its earnings data on Monday, May 5th. The company reported ($0.30) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.44) by $0.14. The company had revenue of $17.50 million for the quarter, compared to the consensus estimate of $16.17 million. Varonis Systems’s revenue was up 38.9% compared to the same quarter last year. Analysts expect that Varonis Systems will post $-0.62 EPS for the current fiscal year.

Varonis Systems, Inc (NASDAQ:VRNS) provides software platform that allows enterprises to map, analyze, manage and migrate their unstructured data.

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