Varonis Systems, Inc. (NASDAQ:VRNS) – Research analysts at Imperial Capital boosted their FY2017 earnings per share (EPS) estimates for Varonis Systems in a research report issued to clients and investors on Monday. Imperial Capital analyst M. Kim now anticipates that the technology company will earn ($0.66) per share for the year, up from their prior forecast of ($0.67). Imperial Capital currently has a “Outperform” rating and a $46.00 price objective on the stock. Imperial Capital also issued estimates for Varonis Systems’ FY2018 earnings at ($0.63) EPS.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 20.94%. The firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.50 million. During the same period last year, the firm earned ($0.12) EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year.

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VRNS has been the topic of a number of other reports. Royal Bank Of Canada reissued a “buy” rating and issued a $44.00 price target on shares of Varonis Systems in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price objective on shares of Varonis Systems in a research report on Thursday, September 7th. Barclays PLC reiterated a “hold” rating and set a $45.00 price target on shares of Varonis Systems in a research report on Wednesday, July 19th. Finally, BidaskClub cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.20.

Varonis Systems (VRNS) opened at 43.60 on Wednesday. Varonis Systems has a 12-month low of $24.45 and a 12-month high of $45.20. The firm has a 50-day moving average of $42.81 and a 200 day moving average of $38.08. The company’s market capitalization is $1.20 billion.

In other news, CEO Yakov Faitelson sold 70,842 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $40.96, for a total transaction of $2,901,688.32. Following the completion of the sale, the chief executive officer now owns 334,908 shares of the company’s stock, valued at $13,717,831.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ohad Korkus sold 98,331 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $40.68, for a total value of $4,000,105.08. Following the sale, the insider now directly owns 139,108 shares of the company’s stock, valued at approximately $5,658,913.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 465,615 shares of company stock valued at $19,092,629. Insiders own 19.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC boosted its stake in shares of Varonis Systems by 30.1% during the third quarter. Chicago Equity Partners LLC now owns 104,855 shares of the technology company’s stock valued at $4,393,000 after purchasing an additional 24,260 shares during the period. Schmidt P J Investment Management Inc. purchased a new position in Varonis Systems during the third quarter valued at $243,000. Castleark Management LLC purchased a new position in Varonis Systems during the second quarter valued at $7,861,000. California State Teachers Retirement System lifted its position in Varonis Systems by 61.3% during the second quarter. California State Teachers Retirement System now owns 33,934 shares of the technology company’s stock valued at $1,262,000 after buying an additional 12,900 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Varonis Systems by 72.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,081 shares of the technology company’s stock valued at $561,000 after buying an additional 6,340 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Earnings History and Estimates for Varonis Systems (NASDAQ:VRNS)

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