Varonis Systems, Inc. (NASDAQ:VRNS) Given Average Recommendation of "Moderate Buy" by Analysts

Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $55.06.

Several equities research analysts recently commented on VRNS shares. Wall Street Zen raised Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Wolfe Research raised shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Friday, March 28th. Barclays lowered their price objective on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank Of Canada lifted their target price on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th.

Varonis Systems Stock Down 1.3%

VRNS stock traded down $0.67 on Wednesday, reaching $50.26. 1,656,866 shares of the company traded hands, compared to its average volume of 1,512,628. The firm has a fifty day simple moving average of $46.79 and a 200-day simple moving average of $44.33. The company has a market cap of $5.63 billion, a P/E ratio of -62.05 and a beta of 0.76. Varonis Systems has a one year low of $36.53 and a one year high of $60.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.15 and a quick ratio of 1.15.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). The company had revenue of $136.42 million during the quarter, compared to analysts' expectations of $133.10 million. Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The company's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Research analysts anticipate that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the sale, the director now owns 131,666 shares in the company, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Varonis Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC boosted its holdings in Varonis Systems by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock worth $101,750,000 after buying an additional 52,971 shares during the period. Advantage Alpha Capital Partners LP lifted its position in shares of Varonis Systems by 30.1% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock valued at $4,038,000 after acquiring an additional 21,040 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Varonis Systems in the fourth quarter worth about $207,000. Jump Financial LLC grew its position in shares of Varonis Systems by 83.5% during the fourth quarter. Jump Financial LLC now owns 205,737 shares of the technology company's stock worth $9,141,000 after purchasing an additional 93,619 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Varonis Systems by 28.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 323,217 shares of the technology company's stock valued at $14,361,000 after purchasing an additional 71,701 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

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.