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

A number of research analysts recently commented on VRNS shares. Brean Capital reissued a “buy” rating and issued a $35.00 target price on shares of Varonis Systems in a research note on Monday, August 8th. Needham & Company LLC raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Wednesday, August 10th. Jefferies Group restated a “buy” rating on shares of Varonis Systems in a research report on Tuesday, July 5th. Summit Redstone restated a “buy” rating and set a $30.00 price target on shares of Varonis Systems in a research report on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.00.

The stock’s market capitalization is $779.79 million. The firm has a 50 day moving average price of $26.73 and a 200-day moving average price of $22.49.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, August 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $36.60 million. The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) EPS. Equities research analysts predict that Varonis Systems Inc. will post ($0.34) EPS for the current year.

In other Varonis Systems news, SVP James O’boyle sold 8,000 shares of Varonis Systems stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $28.90, for a total value of $231,200.00. Following the sale, the senior vice president now directly owns 179,102 shares in the company, valued at approximately $5,176,047.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gili Iohan sold 5,000 shares of Varonis Systems stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $26.00, for a total transaction of $130,000.00. Following the completion of the sale, the chief financial officer now owns 56,090 shares in the company, valued at $1,458,340. 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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