Varonis Systems (VRNS) Given Hold Rating at Barclays

Varonis Systems (NASDAQ:VRNS)‘s stock had its “hold” rating restated by equities research analysts at Barclays in a note issued to investors on Friday. They presently have a $65.00 target price on the technology company’s stock. Barclays’ price objective would indicate a potential upside of 0.08% from the stock’s current price.

A number of other analysts have also recently issued reports on VRNS. Benchmark reissued a “buy” rating and set a $69.00 target price (up from $60.00) on shares of Varonis Systems in a research note on Monday, April 2nd. BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus raised their price target on shares of Varonis Systems from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. DA Davidson began coverage on shares of Varonis Systems in a research note on Tuesday, March 27th. They set a “buy” rating and a $73.00 price target for the company. Finally, Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and a consensus price target of $61.46.

NASDAQ VRNS traded down $0.25 during trading hours on Friday, reaching $64.95. 140,477 shares of the company’s stock were exchanged, compared to its average volume of 298,345. Varonis Systems has a one year low of $30.50 and a one year high of $65.95. The stock has a market cap of $1,827.35, a price-to-earnings ratio of -129.90 and a beta of 0.73.



Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The business had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. During the same period in the prior year, the business earned $0.24 EPS. Varonis Systems’s revenue for the quarter was up 34.6% compared to the same quarter last year. analysts anticipate that Varonis Systems will post -0.77 EPS for the current fiscal year.

In other news, CFO Guy Melamed sold 15,510 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.13, for a total value of $870,576.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gili Iohan sold 16,370 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $60.41, for a total value of $988,911.70. Following the completion of the sale, the director now directly owns 53,149 shares of the company’s stock, valued at approximately $3,210,731.09. The disclosure for this sale can be found here. Insiders have sold a total of 257,607 shares of company stock valued at $14,774,744 over the last ninety days. Company insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC acquired a new stake in Varonis Systems during the 4th quarter valued at $209,000. CAPROCK Group Inc. acquired a new stake in Varonis Systems during the 4th quarter valued at $220,000. Teacher Retirement System of Texas acquired a new stake in Varonis Systems during the 4th quarter valued at $254,000. Invictus RG acquired a new stake in Varonis Systems during the 4th quarter valued at $271,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Varonis Systems during the 3rd quarter valued at $304,000. 84.81% of the stock is owned by institutional investors.

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Varonis Systems Company Profile

Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.

Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

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