Equities analysts forecast that Varonis Systems Inc (NASDAQ:VRNS) will announce earnings of $0.29 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Varonis Systems’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Varonis Systems posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20.8%. The company is scheduled to report its next earnings report after the market closes on Monday, February 12th.

According to Zacks, analysts expect that Varonis Systems will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.17. For the next financial year, analysts forecast that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.18 to $0.35. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The company 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 18.97% and a negative net margin of 7.91%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS.

VRNS has been the subject of a number of recent research reports. Oppenheimer reiterated a “buy” rating and set a $57.00 price objective on shares of Varonis Systems in a research note on Wednesday, December 13th. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price objective on shares of Varonis Systems in a research note on Thursday, December 7th. Stephens reiterated a “buy” rating and set a $58.00 price objective on shares of Varonis Systems in a research note on Friday. BidaskClub upgraded Varonis Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Varonis Systems in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.45.

Shares of Varonis Systems (NASDAQ:VRNS) traded down $0.75 during trading hours on Tuesday, hitting $51.30. The company had a trading volume of 220,595 shares, compared to its average volume of 208,300. The company has a market cap of $1,450.00, a P/E ratio of -88.45 and a beta of 0.80. Varonis Systems has a 52 week low of $25.20 and a 52 week high of $53.85.

In related news, CFO Guy Melamed sold 897 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $48.95, for a total value of $43,908.15. Following the transaction, the chief financial officer now directly owns 95,408 shares of the company’s stock, valued at approximately $4,670,221.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Ohad Korkus sold 9,277 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $51.28, for a total value of $475,724.56. Following the completion of the transaction, the chief technology officer now directly owns 84,510 shares in the company, valued at $4,333,672.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,384 shares of company stock worth $14,505,934. 19.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Varonis Systems by 11.0% during the 2nd quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock worth $30,744,000 after acquiring an additional 82,109 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $18,092,000. Renaissance Technologies LLC raised its holdings in shares of Varonis Systems by 4,112.1% during the 2nd quarter. Renaissance Technologies LLC now owns 450,700 shares of the technology company’s stock worth $16,766,000 after acquiring an additional 440,000 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Varonis Systems by 316.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 384,434 shares of the technology company’s stock worth $14,301,000 after acquiring an additional 292,178 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Varonis Systems by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 367,787 shares of the technology company’s stock worth $15,412,000 after acquiring an additional 14,829 shares in the last quarter. 84.46% of the stock is currently 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.

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