Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been assigned an average recommendation of “Buy” from the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.33.
Several research analysts have recently weighed in on VRNS shares. Zacks Investment Research upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 8th. TheStreet upgraded shares of Varonis Systems from a “d” rating to a “c-” rating in a research note on Monday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of Varonis Systems in a research note on Tuesday, August 3rd. Royal Bank of Canada lifted their target price on shares of Varonis Systems from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, August 3rd. Finally, Piper Sandler lifted their target price on shares of Varonis Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 9th.
In other Varonis Systems news, SVP James O’boyle sold 104,823 shares of the business’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $68.75, for a total value of $7,206,581.25. Following the completion of the sale, the senior vice president now directly owns 358,702 shares of the company’s stock, valued at approximately $24,660,762.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ofer Segev sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 5th. The shares were sold at an average price of $61.43, for a total transaction of $92,145.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,634 shares of company stock worth $10,901,470. Insiders own 1.80% of the company’s stock.
Shares of VRNS stock opened at $61.66 on Thursday. Varonis Systems has a 12-month low of $37.39 and a 12-month high of $75.33. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $63.90 and its 200 day moving average is $57.50. The stock has a market capitalization of $6.59 billion, a P/E ratio of -57.45 and a beta of 1.17.
Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Sunday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Varonis Systems had a negative net margin of 31.88% and a negative return on equity of 25.90%. The company had revenue of $88.40 million for the quarter, compared to analysts’ expectations of $83.70 million. During the same quarter last year, the company posted ($0.15) earnings per share. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, equities analysts predict that Varonis Systems will post -0.81 earnings per share for the current year.
About Varonis Systems
Varonis Systems, Inc engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns.
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