Varonis Systems (NASDAQ:VRNS)‘s stock had its “buy” rating reiterated by Royal Bank Of Canada in a note issued to investors on Thursday. They presently have a $55.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 13.87% from the company’s current price.

VRNS has been the topic of several other research reports. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Varonis Systems in a research note on Friday, December 1st. BidaskClub raised Varonis Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Needham & Company LLC boosted their price target on Varonis Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Varonis Systems in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.82.

Varonis Systems (NASDAQ:VRNS) traded down $1.25 during midday trading on Thursday, reaching $48.30. The company’s stock had a trading volume of 721,000 shares, compared to its average volume of 298,842. Varonis Systems has a 12-month low of $24.75 and a 12-month high of $53.60.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The firm had revenue of $53.60 million for the quarter, compared to analysts’ expectations of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. equities research analysts expect that Varonis Systems will post -0.53 earnings per share for the current fiscal year.

In related news, CFO Guy Melamed sold 605 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.65, for a total transaction of $26,408.25. Following the transaction, the chief financial officer now directly owns 95,491 shares of the company’s stock, valued at approximately $4,168,182.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yakov Faitelson sold 63,807 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $50.35, for a total value of $3,212,682.45. Following the transaction, the chief executive officer now directly owns 157,651 shares in the company, valued at $7,937,727.85. The disclosure for this sale can be found here. Insiders have sold a total of 694,390 shares of company stock worth $31,285,353 in the last ninety days. Insiders own 19.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. State of Wisconsin Investment Board increased its holdings in shares of Varonis Systems by 67.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 192,000 shares of the technology company’s stock worth $7,142,000 after acquiring an additional 77,000 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Varonis Systems by 217.6% during the 2nd quarter. New York State Common Retirement Fund now owns 38,120 shares of the technology company’s stock worth $1,418,000 after acquiring an additional 26,119 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Varonis Systems by 31.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,046 shares of the technology company’s stock worth $2,495,000 after acquiring an additional 15,899 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Varonis Systems by 168,951.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 121,717 shares of the technology company’s stock worth $4,528,000 after acquiring an additional 121,645 shares during the last quarter. Finally, Unterberg Capital LLC increased its holdings in shares of Varonis Systems by 66.7% during the 2nd quarter. Unterberg Capital LLC now owns 125,000 shares of the technology company’s stock worth $4,650,000 after acquiring an additional 50,000 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

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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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