Varonis Systems Inc (NASDAQ:VRNS) has been given a consensus rating of “Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $50.86.

VRNS has been the topic of several research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 target price on shares of Varonis Systems in a report on Thursday, December 7th. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, November 2nd. Barclays reissued a “neutral” rating on shares of Varonis Systems in a report on Tuesday, December 19th. Oppenheimer reissued a “buy” rating and issued a $57.00 target price on shares of Varonis Systems in a report on Wednesday, December 13th. Finally, Jefferies Group boosted their target price on shares of Varonis Systems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 3rd.

In other news, Director Rona Segev-Gal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $48.05, for a total value of $240,250.00. Following the transaction, the director now directly owns 15,107 shares in the company, valued at $725,891.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ohad Korkus sold 45,763 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $51.16, for a total transaction of $2,341,235.08. Following the completion of the transaction, the insider now owns 84,510 shares in the company, valued at $4,323,531.60. The disclosure for this sale can be found here. Insiders have sold 337,384 shares of company stock worth $16,734,434 in the last quarter. Company insiders own 19.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of VRNS. ETF Managers Group LLC bought a new position in shares of Varonis Systems in the second quarter worth about $18,092,000. Renaissance Technologies LLC grew its holdings in Varonis Systems by 4,112.1% during the 2nd quarter. Renaissance Technologies LLC now owns 450,700 shares of the technology company’s stock worth $16,766,000 after acquiring an additional 440,000 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Varonis Systems by 316.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 384,434 shares of the technology company’s stock worth $14,301,000 after acquiring an additional 292,178 shares in the last quarter. Castleark Management LLC bought a new position in Varonis Systems during the 2nd quarter worth about $7,861,000. Finally, Picton Mahoney Asset Management grew its holdings in Varonis Systems by 92.0% during the 2nd quarter. Picton Mahoney Asset Management now owns 334,700 shares of the technology company’s stock worth $12,451,000 after acquiring an additional 160,400 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Varonis Systems (NASDAQ:VRNS) traded up $0.65 on Monday, hitting $51.40. 184,300 shares of the company’s stock were exchanged, compared to its average volume of 247,625. The company has a market capitalization of $1,440.00, a price-to-earnings ratio of -88.62 and a beta of 0.80. Varonis Systems has a fifty-two week low of $25.20 and a fifty-two week high of $53.60.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share for the quarter. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The business had revenue of $53.60 million during the quarter, compared to analyst estimates of $50.53 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. analysts forecast that Varonis Systems will post -0.53 earnings per share for the current fiscal year.

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Varonis Systems Company Profile

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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