Varonis Systems, Inc. (NASDAQ:VRNS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $48.81.

A number of equities research analysts have weighed in on VRNS shares. DA Davidson reissued a “neutral” rating and issued a $45.00 price target (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Robert W. Baird upped their price objective on shares of Varonis Systems from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Citigroup upped their price objective on shares of Varonis Systems from $35.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Wedbush raised shares of Varonis Systems from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $35.00 to $65.00 in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th.

Insider Buying and Selling

In related news, VP Dov Gottlieb sold 43,091 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total value of $2,069,229.82. Following the transaction, the vice president now owns 227,654 shares in the company, valued at $10,931,945.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now owns 75,682 shares in the company, valued at $3,945,302.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dov Gottlieb sold 43,091 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total value of $2,069,229.82. Following the completion of the transaction, the vice president now owns 227,654 shares in the company, valued at approximately $10,931,945.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 372,419 shares of company stock worth $18,571,413. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Varonis Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Varonis Systems by 87.2% in the fourth quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock worth $42,000 after purchasing an additional 429 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Varonis Systems during the first quarter worth about $68,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Varonis Systems during the fourth quarter worth about $77,000. International Assets Investment Management LLC boosted its position in Varonis Systems by 1,779.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock valued at $90,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Assetmark Inc. acquired a new position in Varonis Systems during the fourth quarter valued at approximately $98,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $44.84 on Friday. Varonis Systems has a twelve month low of $22.34 and a twelve month high of $52.88. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -48.74 and a beta of 0.85. The firm has a 50-day moving average of $47.62 and a two-hundred day moving average of $43.44.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. The company had revenue of $154.10 million during the quarter, compared to the consensus estimate of $151.64 million. As a group, analysts expect that Varonis Systems will post -0.96 earnings per share for the current fiscal year.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.