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

Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $55.50.

VRNS has been the subject of a number of research reports. Wolfe Research raised Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their price target on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Barclays increased their price target on Varonis Systems from $54.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Royal Bank Of Canada raised their price objective on Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th.

Insider Activity

In other news, Director Den Bosch Fred Van sold 6,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 131,666 shares of the company's stock, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their ownership of the stock. 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 insiders.

Hedge Funds Weigh In On Varonis Systems

A number of hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in Varonis Systems in the fourth quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in Varonis Systems in the fourth quarter valued at $61,000. Transce3nd LLC bought a new stake in Varonis Systems in the fourth quarter valued at $62,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Varonis Systems in the first quarter valued at $69,000. Finally, New Age Alpha Advisors LLC bought a new stake in Varonis Systems in the fourth quarter valued at $70,000. Institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $51.30 on Friday. The stock has a fifty day moving average price of $49.19 and a 200 day moving average price of $44.86. The stock has a market cap of $5.74 billion, a PE ratio of -63.33 and a beta of 0.76. Varonis Systems has a 1 year low of $36.53 and a 1 year high of $60.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.15 and a current ratio of 1.15.

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

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