Varonis Systems, Inc. (NASDAQ:VRNS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $48.81.

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their price target on Varonis Systems from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Susquehanna assumed coverage on Varonis Systems in a report on Friday, December 15th. They issued a "positive" rating and a $55.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. JMP Securities reissued a "market outperform" rating and issued a $63.00 price target on shares of Varonis Systems in a report on Monday, February 5th. Finally, Truist Financial reissued a "buy" rating and issued a $55.00 price target (up from $50.00) on shares of Varonis Systems in a report on Wednesday, March 13th.

Insiders Place Their Bets

In other news, EVP David Bass sold 116,325 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $50.32, for a total value of $5,853,474.00. Following the completion of the sale, the executive vice president now owns 650,972 shares of the company's stock, valued at $32,756,911.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP David Bass sold 116,325 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $50.32, for a total value of $5,853,474.00. Following the completion of the sale, the executive vice president now owns 650,972 shares of the company's stock, valued at $32,756,911.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dov Gottlieb sold 43,091 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 227,654 shares of the company's stock, valued at approximately $10,931,945.08. The disclosure for this sale can be found here. Insiders sold 372,419 shares of company stock worth $18,571,413 over the last three months. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VRNS. Raymond James & Associates raised its stake in Varonis Systems by 24.7% during the first quarter. Raymond James & Associates now owns 41,783 shares of the technology company's stock valued at $1,986,000 after buying an additional 8,272 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Varonis Systems by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 495,160 shares of the technology company's stock worth $23,540,000 after purchasing an additional 18,813 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Varonis Systems by 91.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the technology company's stock worth $99,000 after purchasing an additional 1,003 shares during the period. MetLife Investment Management LLC increased its position in Varonis Systems by 56.9% in the 1st quarter. MetLife Investment Management LLC now owns 56,965 shares of the technology company's stock valued at $2,708,000 after acquiring an additional 20,660 shares during the period. Finally, Rhumbline Advisers increased its position in Varonis Systems by 0.7% in the 1st quarter. Rhumbline Advisers now owns 112,981 shares of the technology company's stock valued at $5,371,000 after acquiring an additional 811 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Price Performance

VRNS traded down $0.36 during trading on Monday, reaching $46.81. 904,618 shares of the stock were exchanged, compared to its average volume of 1,267,589. The business's 50 day moving average price is $48.45 and its two-hundred day moving average price is $41.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of -50.88 and a beta of 0.85. Varonis Systems has a 1 year low of $22.34 and a 1 year high of $52.88.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.08. The company had revenue of $154.10 million for the quarter, compared to the consensus estimate of $151.64 million. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. As a group, equities research analysts anticipate that Varonis Systems will post -0.96 earnings per share for the current year.

Varonis Systems Company Profile

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.