Varonis Systems Inc (NASDAQ:VRNS) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $49.20.

VRNS has been the topic of a number of recent research reports. Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 18th. Jefferies Group restated a “buy” rating and set a $45.00 price objective on shares of Varonis Systems in a research note on Thursday, September 7th. Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, November 2nd. Oppenheimer assumed coverage on Varonis Systems in a research note on Wednesday, December 6th. They issued an “outperform” rating and a $57.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Varonis Systems in a research note on Friday, November 3rd.

Shares of Varonis Systems (NASDAQ VRNS) traded down $0.65 during midday trading on Thursday, hitting $47.60. The stock had a trading volume of 136,251 shares, compared to its average volume of 299,198. Varonis Systems has a one year low of $24.75 and a one year high of $53.60.

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

In other news, CEO Yakov Faitelson sold 36,081 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $40.51, for a total value of $1,461,641.31. Following the transaction, the chief executive officer now directly owns 334,908 shares of the company’s stock, valued at approximately $13,567,123.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ohad Korkus sold 21,990 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $40.01, for a total value of $879,819.90. Following the completion of the sale, the insider now directly owns 192,618 shares of the company’s stock, valued at $7,706,646.18. 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 over the last ninety days. Company insiders own 19.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in Varonis Systems in the 2nd quarter valued at about $122,000. Fortaleza Asset Management Inc. bought a new stake in Varonis Systems during the 2nd quarter worth approximately $151,000. Legal & General Group Plc increased its holdings in Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,223 shares in the last quarter. Van ECK Associates Corp increased its holdings in Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after purchasing an additional 296 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. bought a new stake in Varonis Systems during the 3rd quarter worth approximately $243,000. 84.46% of the stock is owned by institutional investors and hedge funds.

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About Varonis Systems

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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