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 topic of several recent analyst reports. Piper Sandler reduced their target price on Varonis Systems from $45.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 2nd. Morgan Stanley cut their price target on Varonis Systems from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. Summit Insights reissued a "buy" rating on shares of Varonis Systems in a report on Monday, May 2nd. Wells Fargo & Company dropped their target price on shares of Varonis Systems from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, August 2nd. Finally, Wedbush decreased their price target on shares of Varonis Systems from $60.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.93.

Varonis Systems Stock Up 0.6 %

Varonis Systems stock opened at $30.87 on Friday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of -25.10 and a beta of 1.17. The company's 50 day simple moving average is $29.97 and its 200 day simple moving average is $36.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.34 and a quick ratio of 4.34. Varonis Systems has a fifty-two week low of $24.58 and a fifty-two week high of $73.46.

Insiders Place Their Bets

In other news, Director Ofer Segev sold 1,500 shares of the business's stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $31.48, for a total value of $47,220.00. Following the completion of the transaction, the director now owns 75,410 shares of the company's stock, valued at approximately $2,373,906.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Ofer Segev sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $31.48, for a total transaction of $47,220.00. Following the completion of the sale, the director now directly owns 75,410 shares of the company's stock, valued at approximately $2,373,906.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dov Gottlieb sold 8,907 shares of Varonis Systems stock in a transaction that occurred on 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 transaction, the vice president now directly owns 161,722 shares in the company, valued at approximately $5,348,146.54. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.