Varonis Systems (NASDAQ:VRNS) had its price target raised by Benchmark from $130.00 to $145.00 in a research note published on Tuesday morning, Anlyst Ratings reports. Benchmark currently has a buy rating on the technology company’s stock.
VRNS has been the subject of a number of other reports. JPMorgan Chase & Co. raised their target price on Varonis Systems from $130.00 to $145.00 in a research note on Tuesday, August 4th. Jefferies Financial Group restated a buy rating on shares of Varonis Systems in a research note on Wednesday, August 19th. Morgan Stanley lifted their price objective on Varonis Systems from $77.00 to $127.00 and gave the stock an overweight rating in a research report on Tuesday, August 4th. Needham & Company LLC lifted their price objective on Varonis Systems from $130.00 to $135.00 and gave the stock a buy rating in a research report on Monday, September 14th. Finally, ValuEngine upgraded Varonis Systems from a hold rating to a buy rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Varonis Systems currently has an average rating of Buy and a consensus target price of $133.80.
Shares of NASDAQ VRNS opened at $117.78 on Tuesday. The stock has a market cap of $3.72 billion, a PE ratio of -41.62 and a beta of 1.12. The business has a fifty day moving average of $118.51 and a two-hundred day moving average of $99.32. Varonis Systems has a 52-week low of $48.95 and a 52-week high of $138.75. The company has a debt-to-equity ratio of 2.74, a quick ratio of 2.69 and a current ratio of 2.69.
Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, October 26th. The technology company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.19. Varonis Systems had a negative return on equity of 97.77% and a negative net margin of 33.75%. The company had revenue of $76.80 million during the quarter, compared to analyst estimates of $69.93 million. During the same period last year, the company posted ($0.16) earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts predict that Varonis Systems will post -2.73 earnings per share for the current year.
In other news, EVP David Bass sold 3,000 shares of Varonis Systems stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $124.84, for a total transaction of $374,520.00. Following the transaction, the executive vice president now owns 169,275 shares in the company, valued at approximately $21,132,291. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 1,000 shares of Varonis Systems stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $130.00, for a total value of $130,000.00. Following the transaction, the director now owns 44,984 shares in the company, valued at approximately $5,847,920. The disclosure for this sale can be found here. Insiders have sold a total of 79,695 shares of company stock valued at $9,583,931 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Cadian Capital Management LP lifted its holdings in shares of Varonis Systems by 11.2% during the 2nd quarter. Cadian Capital Management LP now owns 2,581,644 shares of the technology company’s stock valued at $228,424,000 after purchasing an additional 261,029 shares in the last quarter. State Street Corp lifted its holdings in shares of Varonis Systems by 1.3% during the 1st quarter. State Street Corp now owns 657,042 shares of the technology company’s stock valued at $41,834,000 after purchasing an additional 8,682 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Varonis Systems by 29.3% during the 2nd quarter. Jennison Associates LLC now owns 591,981 shares of the technology company’s stock valued at $52,378,000 after purchasing an additional 134,003 shares in the last quarter. Emerald Advisers LLC lifted its stake in Varonis Systems by 8.5% in the 2nd quarter. Emerald Advisers LLC now owns 444,693 shares of the technology company’s stock valued at $39,346,000 after acquiring an additional 34,727 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Varonis Systems by 11.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 398,366 shares of the technology company’s stock valued at $35,247,000 after acquiring an additional 41,353 shares in the last quarter.
About Varonis Systems
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.
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