Varonis Systems, Inc. (NASDAQ:VRNS) had its target price hoisted by Barclays PLC from $45.00 to $47.00 in a research note issued to investors on Friday. Barclays PLC currently has an equal weight rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Varonis Systems from a sell rating to a hold rating in a report on Friday, June 2nd. Stifel Nicolaus reissued a buy rating and issued a $44.00 price target (up from $40.00) on shares of Varonis Systems in a report on Friday. Royal Bank Of Canada reissued an outperform rating and issued a $40.00 price target (up from $39.00) on shares of Varonis Systems in a report on Friday, May 5th. Needham & Company LLC assumed coverage on shares of Varonis Systems in a report on Monday, May 1st. They issued a buy rating and a $38.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Varonis Systems from a buy rating to a hold rating in a report on Saturday, May 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $40.82.

Varonis Systems (VRNS) opened at 37.80 on Friday. The stock’s market capitalization is $1.03 billion. The firm’s 50-day moving average is $37.49 and its 200 day moving average is $32.84. Varonis Systems has a 12-month low of $24.45 and a 12-month high of $39.35.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 21.12%. The company had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. During the same period in the prior year, the company earned ($0.12) EPS. Varonis Systems’s revenue was up 30.1% on a year-over-year basis. Equities research analysts anticipate that Varonis Systems will post $0.01 earnings per share for the current year.

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In other Varonis Systems news, insider Ohad Korkus sold 57,938 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $39.04, for a total transaction of $2,261,899.52. Following the sale, the insider now owns 214,108 shares in the company, valued at approximately $8,358,776.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rona Segev-Gal sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $36.65, for a total value of $183,250.00. Following the sale, the director now owns 24,907 shares in the company, valued at approximately $912,841.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,436 shares of company stock worth $12,825,387. Corporate insiders own 19.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in shares of Varonis Systems by 10.6% in the fourth quarter. State Street Corp now owns 199,571 shares of the technology company’s stock worth $5,348,000 after buying an additional 19,178 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Varonis Systems by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 18,698 shares of the technology company’s stock worth $501,000 after buying an additional 1,838 shares in the last quarter. Highbridge Capital Management LLC increased its position in shares of Varonis Systems by 519.4% in the fourth quarter. Highbridge Capital Management LLC now owns 47,553 shares of the technology company’s stock worth $1,274,000 after buying an additional 39,876 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Varonis Systems by 15.3% in the first quarter. Russell Investments Group Ltd. now owns 139,028 shares of the technology company’s stock worth $4,421,000 after buying an additional 18,487 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Varonis Systems by 37.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 553,215 shares of the technology company’s stock worth $17,592,000 after buying an additional 150,660 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.

About Varonis Systems

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

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