Varonis Systems (NASDAQ:VRNS)‘s stock had its “buy” rating reiterated by stock analysts at Stephens in a research report issued on Tuesday. They currently have a $60.00 price target on the technology company’s stock. Stephens’ price objective would suggest a potential upside of 10.80% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Varonis Systems in a report on Friday, December 1st. Stifel Nicolaus raised their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of Varonis Systems to $63.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Barclays raised their price target on shares of Varonis Systems from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.92.

Varonis Systems (NASDAQ:VRNS) traded up $0.25 during trading hours on Tuesday, reaching $54.15. 847,904 shares of the company were exchanged, compared to its average volume of 227,764. Varonis Systems has a 12 month low of $26.35 and a 12 month high of $55.85. The stock has a market capitalization of $1,510.00, a PE ratio of -102.17 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, February 12th. The technology company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. Varonis Systems’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. analysts expect that Varonis Systems will post -0.48 EPS for the current year.

In other news, Director Gili Iohan sold 52,569 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $49.93, for a total value of $2,624,770.17. Following the sale, the director now owns 57,446 shares in the company, valued at $2,868,278.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yakov Faitelson sold 63,807 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $50.35, for a total transaction of $3,212,682.45. Following the completion of the sale, the chief executive officer now owns 157,651 shares in the company, valued at approximately $7,937,727.85. The disclosure for this sale can be found here. Insiders sold 276,323 shares of company stock worth $13,977,286 in the last quarter. Company insiders own 19.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. CAPROCK Group Inc. acquired a new stake in shares of Varonis Systems in the fourth quarter worth $220,000. ETRADE Capital Management LLC acquired a new stake in shares of Varonis Systems in the fourth quarter worth $209,000. Teacher Retirement System of Texas acquired a new stake in shares of Varonis Systems in the fourth quarter worth $254,000. Invictus RG acquired a new stake in shares of Varonis Systems in the fourth quarter worth $271,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of Varonis Systems in the third quarter worth $243,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.

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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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