Latest Stocks: Varonis Systems’ (VRNS) Hold Rating Reiterated at Barclays PLC

Latest Stocks: Varonis Systems’ (VRNS) Hold Rating Reiterated at Barclays PLC

Barclays PLC reiterated their hold rating on shares of Varonis Systems Inc (NASDAQ:VRNS) in a research report released on Sunday, May 7th. The brokerage currently has a $37.00 target price on the technology company’s stock.

Several other research firms have also issued reports on VRNS. Imperial Capital restated an outperform rating and issued a $35.00 target price on shares of Varonis Systems in a report on Saturday, January 7th. Stifel Nicolaus upgraded shares of Varonis Systems from a hold rating to a buy rating and raised their target price for the stock from $34.00 to $36.00 in a report on Thursday, March 23rd. Jefferies Group LLC reiterated a buy rating and set a $36.00 price objective on shares of Varonis Systems in a report on Wednesday, January 18th. Benchmark Co. started coverage on shares of Varonis Systems in a report on Thursday, April 27th. They set a buy rating and a $40.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $37.55.

Varonis Systems (VRNS) opened at 36.30 on Friday. Varonis Systems has a 52 week low of $21.54 and a 52 week high of $37.00. The stock’s 50 day moving average is $34.16 and its 200 day moving average is $30.04. The company’s market capitalization is $987.94 million. Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, May 4th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. The firm had revenue of $40.40 million during the quarter, compared to analyst estimates of $37.45 million. Varonis Systems had a negative net margin of 10.77% and a negative return on equity of 22.63%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) EPS.

Varonis Systems (VRNS) opened at 36.30 on Friday. Varonis Systems has a 52 week low of $21.54 and a 52 week high of $37.00. The stock’s 50 day moving average is $34.16 and its 200 day moving average is $30.04. The company’s market capitalization is $987.94 million. In other news, CEO Yakov Faitelson sold 49,273 shares of Varonis Systems stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $31.00, for a total value of $1,527,463.00. Following the transaction, the chief executive officer now owns 794,376 shares of the company’s stock, valued at approximately $24,625,656. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ohad Korkus sold 56,263 shares of Varonis Systems stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $31.00, for a total transaction of $1,744,153.00. Following the completion of the transaction, the insider now directly owns 764,216 shares in the company, valued at approximately $23,690,696. The disclosure for this sale can be found here. In the last 90 days, insiders sold 691,508 shares of company stock valued at $22,192,030. Company insiders own 31.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Varonis Systems by 6.1% in the first quarter. Jennison Associates LLC now owns 1,971,574 shares of the technology company’s stock valued at $62,696,000 after buying an additional 112,573 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock valued at $23,670,000 after buying an additional 173,332 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Varonis Systems by 35.1% in the first quarter. Emerald Advisers Inc. PA now owns 724,245 shares of the technology company’s stock valued at $23,031,000 after buying an additional 188,249 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Varonis Systems by 14,598.8% in the first quarter. Penserra Capital Management LLC now owns 559,142 shares of the technology company’s stock valued at $17,780,000 after buying an additional 555,338 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake 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 valued at $17,592,000 after buying an additional 150,660 shares during the last quarter. 47.22% of the stock is currently owned by institutional investors. About Varonis Systems

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