Varonis Systems - VRNS Stock Forecast, Price & News

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; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

VRNS has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their price target on shares of Varonis Systems from $75.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Piper Sandler lowered their price target on shares of Varonis Systems from $45.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 2nd. Morgan Stanley lowered their price target on shares of Varonis Systems from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. Craig Hallum lowered their price target on shares of Varonis Systems from $64.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Finally, Citigroup decreased their price objective on shares of Varonis Systems from $47.00 to $36.00 in a report on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Varonis Systems presently has an average rating of "Moderate Buy" and an average price target of $42.93.

Varonis Systems Price Performance

NASDAQ:VRNS traded down $1.35 during mid-day trading on Wednesday, hitting $29.94. The stock had a trading volume of 36,355 shares, compared to its average volume of 1,540,268. The company has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $36.73. Varonis Systems has a 52 week low of $24.58 and a 52 week high of $73.46. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.47.

Insider Activity at Varonis Systems

In related news, Director Ofer Segev sold 1,500 shares of Varonis Systems stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $31.48, for a total value of $47,220.00. Following the sale, the director now directly owns 75,410 shares in the company, valued at approximately $2,373,906.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ofer Segev sold 1,500 shares of Varonis Systems stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $31.48, for a total value of $47,220.00. Following the sale, the director now directly owns 75,410 shares in the company, valued at approximately $2,373,906.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Dov Gottlieb sold 8,907 shares of Varonis Systems stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $33.07, for a total transaction of $294,554.49. Following the completion of the sale, the vice president now owns 161,722 shares in the company, valued at $5,348,146.54. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.