Varonis Systems (NASDAQ:VRNS)‘s stock had its “outperform” rating reaffirmed by Imperial Capital in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $63.00 price target on the technology company’s stock, up from their prior price target of $52.00. Imperial Capital’s price objective would indicate a potential upside of 21.27% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price target on shares of Varonis Systems in a research note on Thursday, December 7th. Oppenheimer started coverage on Varonis Systems in a research note on Wednesday, December 6th. They issued an “outperform” rating and a $57.00 price target on the stock. Needham & Company LLC lifted their price target on Varonis Systems from $52.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Stephens reissued a “buy” rating and issued a $58.00 price target on shares of Varonis Systems in a research note on Friday, January 12th. Finally, Barclays reissued a “neutral” rating on shares of Varonis Systems in a research note on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $57.92.

Shares of Varonis Systems (NASDAQ VRNS) opened at $51.95 on Tuesday. Varonis Systems has a 1 year low of $26.35 and a 1 year high of $55.85. The company has a market cap of $1,510.00, a PE ratio of -98.02 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Varonis Systems had a negative net margin of 6.30% and a negative return on equity of 16.53%. The firm had revenue of $73.20 million for the quarter, compared to analysts’ expectations of $66.29 million. During the same period in the previous year, the business earned $0.24 earnings per share. Varonis Systems’s revenue for the quarter was up 34.6% compared to the same quarter last year. sell-side analysts expect that Varonis Systems will post -0.42 EPS for the current fiscal year.

In other Varonis Systems news, CTO Ohad Korkus sold 9,277 shares of Varonis Systems stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $51.28, for a total transaction of $475,724.56. Following the transaction, the chief technology officer now owns 84,510 shares of the company’s stock, valued at approximately $4,333,672.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yakov Faitelson sold 9,417 shares of Varonis Systems stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $51.27, for a total value of $482,809.59. Following the transaction, the chief executive officer now directly owns 211,572 shares in the company, valued at approximately $10,847,296.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,754 shares of company stock worth $11,352,516. Company insiders own 19.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. CAPROCK Group Inc. purchased a new position in Varonis Systems during the 4th quarter valued at about $220,000. ETRADE Capital Management LLC purchased a new position in Varonis Systems during the 4th quarter valued at about $209,000. Teacher Retirement System of Texas purchased a new position in Varonis Systems during the 4th quarter valued at about $254,000. Invictus RG bought a new stake in shares of Varonis Systems in the 4th quarter valued at approximately $271,000. Finally, Schmidt P J Investment Management Inc. bought a new stake in shares of Varonis Systems in the 3rd quarter valued at approximately $243,000. 84.91% of the stock is currently owned by institutional investors.

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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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