Varonis Systems (NASDAQ:VRNS) had its price objective upped by Barclays from $54.00 to $58.00 in a report published on Tuesday. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other research firms also recently weighed in on VRNS. BidaskClub raised Varonis Systems from a hold rating to a buy rating in a research note on Wednesday, January 10th. Needham & Company LLC upped their price target on Varonis Systems from $52.00 to $65.00 and gave the stock a buy rating in a research note on Friday, January 19th. Oppenheimer started coverage on Varonis Systems in a research note on Wednesday, December 6th. They issued an outperform rating and a $57.00 price objective for the company. Zacks Investment Research downgraded Varonis Systems from a buy rating to a hold rating in a research note on Saturday, January 6th. Finally, Jefferies Group increased their price objective on Varonis Systems from $52.00 to $55.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of Buy and a consensus price target of $57.92.

Varonis Systems (NASDAQ VRNS) opened at $54.15 on Tuesday. Varonis Systems has a 52 week low of $26.35 and a 52 week high of $55.85. The firm has a market capitalization of $1,510.00, a P/E ratio of -102.17 and a beta of 0.89.

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

In other news, CFO Guy Melamed sold 897 shares of the 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 completion of the sale, the chief financial officer now directly owns 95,408 shares of the company’s stock, valued at $4,670,221.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gili Iohan sold 52,569 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $49.93, for a total value of $2,624,770.17. Following the completion of the sale, the director now directly owns 57,446 shares of the company’s stock, valued at $2,868,278.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,323 shares of company stock valued at $13,977,286. Company insiders own 19.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VRNS. Schwab Charles Investment Management Inc. grew its holdings in shares of Varonis Systems by 31.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 67,046 shares of the technology company’s stock valued at $2,495,000 after acquiring an additional 15,899 shares in the last quarter. Swiss National Bank grew its holdings in shares of Varonis Systems by 16.6% in the second quarter. Swiss National Bank now owns 24,618 shares of the technology company’s stock valued at $916,000 after acquiring an additional 3,500 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Varonis Systems by 11.1% in the second quarter. Wells Fargo & Company MN now owns 71,271 shares of the technology company’s stock valued at $2,652,000 after acquiring an additional 7,121 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Varonis Systems by 209.5% in the second quarter. Alliancebernstein L.P. now owns 27,300 shares of the technology company’s stock valued at $1,016,000 after acquiring an additional 18,480 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Varonis Systems by 96.0% in the second quarter. Teachers Advisors LLC now owns 34,658 shares of the technology company’s stock valued at $1,289,000 after acquiring an additional 16,971 shares in the last quarter. 84.91% of the stock is owned by institutional investors.

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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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