Varonis Systems (NASDAQ:VRNS)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a research note issued on Friday. They presently have a $60.00 price target on the technology company’s stock. Benchmark’s price target would indicate a potential upside of 19.28% from the stock’s current price.

VRNS has been the subject of several other reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price target on shares of Varonis Systems in a report on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and issued a $45.00 price objective on shares of Varonis Systems in a research report on Thursday, September 7th. Imperial Capital reissued an “outperform” rating and issued a $46.00 price objective (up from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective (up from $44.00) on shares of Varonis Systems in a research report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.90.

Varonis Systems (VRNS) traded up $0.35 during mid-day trading on Friday, hitting $50.30. The stock had a trading volume of 296,900 shares, compared to its average volume of 294,647. Varonis Systems has a 1-year low of $24.75 and a 1-year high of $53.60.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The business had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.53 million. Varonis Systems had a negative return on equity of 15.71% and a negative net margin of 6.18%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. research analysts predict that Varonis Systems will post -0.53 earnings per share for the current year.

In other Varonis Systems news, CFO Guy Melamed sold 1,150 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $38.35, for a total value of $44,102.50. Following the transaction, the chief financial officer now owns 96,295 shares of the company’s stock, valued at $3,692,913.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gili Iohan sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $39.32, for a total transaction of $1,966,000.00. Following the completion of the transaction, the director now directly owns 59,650 shares in the company, valued at approximately $2,345,438. The disclosure for this sale can be found here. Insiders have sold 633,709 shares of company stock worth $27,669,087 in the last ninety days. Corporate insiders own 19.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Varonis Systems during the second quarter valued at approximately $122,000. Fortaleza Asset Management Inc. bought a new stake in Varonis Systems during the second quarter worth approximately $151,000. Legal & General Group Plc boosted its holdings in Varonis Systems by 39.6% during the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after buying an additional 1,223 shares in the last quarter. Adams Street Partners LLC bought a new stake in Varonis Systems during the second quarter worth approximately $163,000. Finally, Van ECK Associates Corp boosted its holdings in Varonis Systems by 5.9% during the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after buying an additional 296 shares in the last quarter. Institutional investors own 84.42% of the company’s stock.

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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.

Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

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