According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
Other analysts also recently issued research reports about the stock. Craig Hallum raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Robert W. Baird reissued a “buy” rating and issued a $60.00 price objective (down previously from $75.00) on shares of Varonis Systems in a report on Tuesday, February 12th. Stifel Nicolaus downgraded shares of Varonis Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $52.00 in a report on Tuesday, February 12th. Finally, JMP Securities downgraded shares of Varonis Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 12th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $71.52.
Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.04). The company had revenue of $56.40 million for the quarter, compared to the consensus estimate of $59.36 million. Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) EPS. On average, analysts forecast that Varonis Systems will post -1.75 earnings per share for the current fiscal year.
In other news, EVP David Bass sold 42,416 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total value of $3,076,856.64. Following the completion of the transaction, the executive vice president now directly owns 202,833 shares in the company, valued at approximately $14,713,505.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Mondrian Capital Management LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at approximately $53,000. Psagot Investment House Ltd. raised its position in shares of Varonis Systems by 32.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,061 shares of the technology company’s stock valued at $56,000 after buying an additional 257 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Varonis Systems in the 1st quarter valued at approximately $83,000. Cresset Asset Management LLC acquired a new position in shares of Varonis Systems in the 1st quarter valued at approximately $115,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of Varonis Systems by 257.1% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,500 shares of the technology company’s stock valued at $133,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
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