Varonis Systems (VRNS) Set to Announce Quarterly Earnings on Monday

Varonis Systems (NASDAQ:VRNS - Get Free Report) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its earnings results on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. The company had revenue of $154.10 million during the quarter, compared to the consensus estimate of $151.64 million. On average, analysts expect Varonis Systems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS traded down $0.44 during midday trading on Monday, hitting $44.89. 833,568 shares of the company's stock were exchanged, compared to its average volume of 1,174,442. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems has a 12 month low of $22.34 and a 12 month high of $52.88. The company's 50 day moving average price is $47.45 and its 200 day moving average price is $43.83. The firm has a market capitalization of $5.01 billion, a PE ratio of -48.79 and a beta of 0.85.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VRNS. Truist Financial restated a "buy" rating and issued a $55.00 price target (up from $50.00) on shares of Varonis Systems in a research note on Wednesday, March 13th. DA Davidson restated a "neutral" rating and issued a $45.00 price target (up from $37.00) on shares of Varonis Systems in a research note on Thursday, January 18th. Piper Sandler boosted their price target on Varonis Systems from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. JMP Securities restated a "market outperform" rating and issued a $63.00 price target on shares of Varonis Systems in a research note on Monday, February 5th. Finally, Wells Fargo & Company boosted their price target on Varonis Systems from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Varonis Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.81.

Insider Transactions at Varonis Systems

In other news, Director Gili Iohan sold 19,500 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the sale, the director now directly owns 19,263 shares in the company, valued at $973,552.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Gili Iohan sold 19,500 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the sale, the director now directly owns 19,263 shares in the company, valued at $973,552.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Bass sold 116,325 shares of the business'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 sale, the executive vice president now owns 650,972 shares in the company, valued at $32,756,911.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,419 shares of company stock valued at $18,571,413. Corporate insiders own 2.40% of the company's stock.

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.