Varonis Systems’ (VRNS) Overweight Rating Reaffirmed at Stephens

Stephens reiterated their overweight rating on shares of Varonis Systems (NASDAQ:VRNSFree Report) in a research report sent to investors on Tuesday morning, Benzinga reports. Stephens currently has a $55.00 price target on the technology company’s stock.

A number of other brokerages have also weighed in on VRNS. Citigroup upped their price objective on Varonis Systems from $35.00 to $45.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. William Blair reissued an outperform rating on shares of Varonis Systems in a report on Tuesday, October 31st. Piper Sandler upped their target price on Varonis Systems from $40.00 to $45.00 and gave the company a neutral rating in a report on Tuesday. Wells Fargo & Company upped their target price on Varonis Systems from $42.00 to $45.00 and gave the company an equal weight rating in a report on Tuesday. Finally, DA Davidson reissued a neutral rating and issued a $45.00 target price (up previously from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Varonis Systems has an average rating of Moderate Buy and a consensus price target of $48.40.

Check Out Our Latest Analysis on Varonis Systems

Varonis Systems Trading Up 2.5 %

Shares of VRNS stock opened at $51.98 on Tuesday. The business’s fifty day moving average price is $45.32 and its 200 day moving average price is $36.96. Varonis Systems has a 1-year low of $22.34 and a 1-year high of $52.30. The firm has a market capitalization of $5.67 billion, a PE ratio of -56.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.57.

Insider Buying and Selling

In related news, Director Ofer Segev sold 5,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the transaction, the director now directly owns 75,682 shares in the company, valued at $3,945,302.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Guy Melamed sold 188,503 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.88, for a total value of $9,402,529.64. Following the completion of the sale, the chief financial officer now owns 645,876 shares in the company, valued at $32,216,294.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ofer Segev sold 5,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the completion of the sale, the director now owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 265,052 shares of company stock worth $13,027,822. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Varonis Systems

Large investors have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new stake in shares of Varonis Systems in the first quarter valued at about $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of Varonis Systems in the second quarter valued at about $30,000. Pinebridge Investments L.P. acquired a new stake in shares of Varonis Systems in the second quarter valued at about $33,000. Quadrant Capital Group LLC grew its stake in Varonis Systems by 87.2% during the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after purchasing an additional 429 shares in the last quarter. Finally, Comerica Bank acquired a new stake in Varonis Systems during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.47% of the company’s stock.

About Varonis Systems

(Get Free Report)

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic and product plans; and other intellectual property.

Further Reading

Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.