Shares of Varonis Systems Inc. (NASDAQ:VRNS) were down 1.4% on Monday . The stock traded as low as $24.67 and last traded at $24.71, with a volume of 108,659 shares changing hands. The stock had previously closed at $25.05.

VRNS has been the subject of several analyst reports. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating and set a $26.00 price objective (up from $25.00) on shares of Varonis Systems in a research note on Saturday, May 7th. Barclays PLC upped their price objective on Varonis Systems from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, March 17th. Stephens upped their price objective on Varonis Systems from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 28th. Finally, Brean Capital reaffirmed a “buy” rating on shares of Varonis Systems in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Varonis Systems currently has an average rating of “Buy” and a consensus target price of $24.80.

The firm has a 50 day moving average price of $24.74 and a 200-day moving average price of $20.08. The stock’s market cap is $652.94 million.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.10. The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $28.50 million. During the same period in the prior year, the company posted ($0.44) EPS. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. On average, equities analysts expect that Varonis Systems Inc. will post ($0.39) earnings per share for the current year.

In other news, CTO Ohad Korkus sold 5,647 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $26.05, for a total transaction of $147,104.35. Following the completion of the transaction, the chief technology officer now owns 1,237,080 shares of the company’s stock, valued at $32,225,934. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yakov Faitelson sold 13,925 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $26.00, for a total transaction of $362,050.00. Following the transaction, the chief executive officer now directly owns 1,235,516 shares of the company’s stock, valued at approximately $32,123,416. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Brown Advisory Inc. raised its position in shares of Varonis Systems by 2.2% in the fourth quarter. Brown Advisory Inc. now owns 57,880 shares of the company’s stock worth $1,088,000 after buying an additional 1,263 shares in the last quarter. J. Goldman & Co LP boosted its stake in Varonis Systems by 19.5% in the fourth quarter. J. Goldman & Co LP now owns 658,329 shares of the company’s stock worth $12,377,000 after buying an additional 107,359 shares during the last quarter. Garelick Capital Partners LP acquired a new stake in Varonis Systems during the fourth quarter worth $2,358,000. Finally, Morgan Stanley boosted its stake in Varonis Systems by 71.6% in the fourth quarter. Morgan Stanley now owns 1,002,199 shares of the company’s stock worth $18,842,000 after buying an additional 418,234 shares during the last quarter.

Varonis Systems, Inc (Varonis) provides a software platform that allows enterprises to analyze, secure, manage and utilize their unstructured data. The Company specializes in human-generated data, a type of unstructured data that includes an enterprise’s spreadsheets, word processing documents, presentations, audio files, video files, e-mails, text messages and any other data created by employees.

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