Varonis Systems (NASDAQ:VRNS) had its price objective raised by Barclays from $130.00 to $150.00 in a research report sent to investors on Tuesday morning, The Fly reports. They currently have an overweight rating on the technology company’s stock.
A number of other research firms also recently commented on VRNS. Morgan Stanley boosted their price objective on shares of Varonis Systems from $77.00 to $127.00 and gave the stock an overweight rating in a report on Tuesday, August 4th. Robert W. Baird downgraded shares of Varonis Systems from an outperform rating to a neutral rating and set a $110.00 price objective on the stock. in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Varonis Systems from $130.00 to $145.00 in a report on Tuesday, August 4th. ValuEngine raised shares of Varonis Systems from a hold rating to a buy rating in a report on Monday, August 3rd. Finally, BidaskClub downgraded shares of Varonis Systems from a buy rating to a hold rating in a report on Friday, October 23rd. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Varonis Systems presently has an average rating of Buy and a consensus price target of $133.80.
Shares of NASDAQ:VRNS opened at $117.78 on Tuesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -41.62 and a beta of 1.12. The firm’s 50-day simple moving average is $118.51 and its 200-day simple moving average is $99.32. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.74. Varonis Systems has a fifty-two week low of $48.95 and a fifty-two week high of $138.75.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Monday, October 26th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The firm had revenue of $76.80 million for the quarter, compared to the consensus estimate of $69.93 million. Varonis Systems had a negative net margin of 33.75% and a negative return on equity of 97.77%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. On average, research analysts forecast that Varonis Systems will post -2.73 EPS for the current year.
In related news, Director Ofer Segev sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $119.80, for a total transaction of $239,600.00. Following the completion of the transaction, the director now owns 24,603 shares of the company’s stock, valued at $2,947,439.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Den Bosch Fred Van sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $116.15, for a total transaction of $116,150.00. Following the transaction, the director now directly owns 45,984 shares of the company’s stock, valued at approximately $5,341,041.60. The disclosure for this sale can be found here. Insiders have sold 79,695 shares of company stock valued at $9,583,931 in the last ninety days. 2.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. grew its stake in Varonis Systems by 790.7% during the third quarter. Carroll Financial Associates Inc. now owns 383 shares of the technology company’s stock worth $44,000 after buying an additional 340 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Varonis Systems during the second quarter worth approximately $52,000. Exchange Traded Concepts LLC purchased a new stake in Varonis Systems during the second quarter worth approximately $54,000. Captrust Financial Advisors purchased a new stake in Varonis Systems during the second quarter worth approximately $66,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Varonis Systems during the second quarter worth approximately $71,000.
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.