Varonis Systems Inc. (NASDAQ:VRNS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.81 and last traded at $28.62, with a volume of 120,221 shares changing hands. The stock had previously closed at $28.19.

A number of equities research analysts have recently issued reports on the stock. Imperial Capital lifted their price target on shares of Varonis Systems from $27.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 price target (up from $27.00) on shares of Varonis Systems in a research report on Thursday, August 11th. JMP Securities lifted their price target on shares of Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 10th. Jefferies Group lifted their price target on shares of Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Finally, Needham & Company LLC upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Varonis Systems presently has a consensus rating of “Buy” and a consensus price target of $29.00.

The stock’s market capitalization is $757.36 million. The company has a 50 day moving average of $26.23 and a 200-day moving average of $22.01.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, August 9th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm earned $38.60 million during the quarter, compared to the consensus estimate of $36.60 million. Varonis Systems’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. Equities analysts anticipate that Varonis Systems Inc. will post ($0.34) earnings per share for the current fiscal year.

In other news, insider Ohad Korkus sold 26,220 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $28.41, for a total value of $744,910.20. Following the completion of the transaction, the insider now directly owns 963,079 shares in the company, valued at $27,361,074.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James O’boyle sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $24.40, for a total transaction of $195,200.00. Following the completion of the transaction, the senior vice president now owns 195,102 shares of the company’s stock, valued at $4,760,488.80. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Varonis Systems stock. Morgan Stanley increased its stake in shares of Varonis Systems Inc. (NASDAQ:VRNS) by 71.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,002,199 shares of the company’s stock after buying an additional 418,234 shares during the period. Morgan Stanley owned 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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