News coverage about Varonis Systems (NASDAQ:VRNS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Varonis Systems earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.8544308850371 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Varonis Systems (NASDAQ VRNS) traded down 2.12% during mid-day trading on Thursday, reaching $43.80. 189,925 shares of the company’s stock were exchanged. Varonis Systems has a one year low of $24.45 and a one year high of $45.20. The firm’s market capitalization is $1.20 billion. The company’s 50-day moving average is $42.29 and its 200 day moving average is $37.71.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. The company had revenue of $50.20 million during the quarter, compared to analyst estimates of $47.50 million. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. Equities analysts predict that Varonis Systems will post $0.09 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on VRNS shares. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 price target on shares of Varonis Systems in a research report on Monday, September 11th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 price target on shares of Varonis Systems in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Needham & Company LLC increased their price target on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.20.
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In other news, CEO Yakov Faitelson sold 50,000 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $44.57, for a total value of $2,228,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ohad Korkus sold 21,990 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $40.01, for a total value of $879,819.90. Following the completion of the sale, the insider now owns 192,618 shares of the company’s stock, valued at approximately $7,706,646.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 465,615 shares of company stock valued at $19,092,629. Insiders own 19.50% of the company’s stock.
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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