Shares of Varonis Systems Inc. (NASDAQ:VRNS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $29.60 and last traded at $29.40, with a volume of 147,901 shares. The stock had previously closed at $29.08.

Several brokerages have commented on VRNS. Imperial Capital restated an “outperform” rating and set a $27.00 target price on shares of Varonis Systems in a report on Monday, July 25th. Zacks Investment Research cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Brean Capital reaffirmed a “buy” rating and set a $35.00 price target on shares of Varonis Systems in a research note on Saturday, June 25th. Jefferies Group reaffirmed a “buy” rating on shares of Varonis Systems in a research note on Tuesday, July 5th. Finally, Barclays PLC raised their price target on shares of Varonis Systems from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.00.

The stock’s 50 day moving average is $26.48 and its 200 day moving average is $22.35. The firm’s market capitalization is $775.70 million.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. During the same period last year, the firm posted ($0.18) earnings per share. The business earned $38.60 million during the quarter, compared to analyst estimates of $36.60 million. Varonis Systems’s quarterly revenue was up 32.2% compared to the same quarter last year. On average, analysts expect that Varonis Systems Inc. will post ($0.34) earnings per share for the current fiscal year.

In other news, CEO Yakov Faitelson sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $26.00, for a total transaction of $90,012.00. Following the transaction, the chief executive officer now directly owns 1,235,516 shares of the company’s stock, valued at $32,123,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James O’boyle sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $24.40, for a total value of $195,200.00. Following the transaction, the senior vice president now directly owns 195,102 shares in the company, valued at $4,760,488.80. The disclosure for this sale can be found here.

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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