Varonis Systems Inc. (NASDAQ:VRNS)’s share price rose 1.8% during trading on Friday . The company traded as high as $28.29 and last traded at $28.21, with a volume of 130,118 shares trading hands. The stock had previously closed at $27.71.

VRNS has been the subject of a number of research reports. Needham & Company LLC upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, August 10th. Jefferies Group restated a “buy” rating and issued a $26.00 target price (up from $25.00) on shares of Varonis Systems in a research note on Saturday, May 7th. JMP Securities lifted their price target on Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a report on Wednesday, August 10th. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 10th. Finally, Brean Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Varonis Systems in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $29.00.

The stock’s market cap is $750.24 million. The company has a 50 day moving average of $25.83 and a 200 day moving average of $21.68.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. The company had revenue of $38.60 million for the quarter, compared to analyst estimates of $36.60 million. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. Equities analysts expect that Varonis Systems Inc. will post ($0.34) EPS for the current year.

In other news, major shareholder Iv L.P. Evergreen sold 10,600 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $27.59, for a total transaction of $292,454.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

A hedge fund recently raised its stake in Varonis Systems stock. Morgan Stanley raised its position in shares of Varonis Systems Inc. (NASDAQ:VRNS) by 71.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,002,199 shares of the company’s stock after buying an additional 418,234 shares during the period. Morgan Stanley owned about 3.89% of Varonis Systems worth $18,842,000 at the end of the most recent reporting period.

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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