Jefferies Financial Group reiterated their buy rating on shares of Varonis Systems (NASDAQ:VRNS) in a report published on Tuesday, MarketBeat.com reports. Jefferies Financial Group currently has a $73.00 price objective on the technology company’s stock, down from their prior price objective of $81.00. Jefferies Financial Group also issued estimates for Varonis Systems’ Q1 2019 earnings at ($0.63) EPS, Q2 2019 earnings at ($0.27) EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at ($0.99) EPS, Q1 2020 earnings at ($0.51) EPS, Q2 2020 earnings at ($0.22) EPS, Q3 2020 earnings at ($0.18) EPS, Q4 2020 earnings at ($0.01) EPS and FY2020 earnings at ($0.88) EPS.
A number of other analysts have also recently issued reports on the company. Robert W. Baird reissued a buy rating and set a $60.00 target price (down from $75.00) on shares of Varonis Systems in a research note on Tuesday. BidaskClub raised Varonis Systems from a hold rating to a buy rating in a research note on Thursday, January 31st. Craig Hallum raised Varonis Systems from a hold rating to a buy rating in a research note on Tuesday, January 29th. Morgan Stanley lowered their target price on Varonis Systems from $70.00 to $68.00 and set an equal weight rating for the company in a research note on Tuesday, October 30th. Finally, Wedbush reissued a hold rating and set a $68.00 target price on shares of Varonis Systems in a research note on Tuesday, October 30th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $67.48.
Get Varonis Systems alerts:Shares of NASDAQ:VRNS opened at $54.45 on Tuesday. The company has a market capitalization of $1.63 billion, a P/E ratio of -55.56 and a beta of 0.99. Varonis Systems has a fifty-two week low of $48.67 and a fifty-two week high of $83.10.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 11th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. The business had revenue of $87.52 million for the quarter, compared to the consensus estimate of $87.33 million. Varonis Systems had a negative net margin of 10.57% and a negative return on equity of 24.02%. Research analysts predict that Varonis Systems will post -0.93 earnings per share for the current fiscal year.
In other news, CEO Yakov Faitelson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $54.72, for a total transaction of $1,641,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Coe Capital Management LLC grew its stake in shares of Varonis Systems by 3.2% during the 3rd quarter. Coe Capital Management LLC now owns 21,405 shares of the technology company’s stock worth $1,568,000 after acquiring an additional 660 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Varonis Systems by 1.6% during the 3rd quarter. Teachers Advisors LLC now owns 53,837 shares of the technology company’s stock worth $3,944,000 after acquiring an additional 863 shares in the last quarter. United Services Automobile Association grew its stake in shares of Varonis Systems by 27.0% during the 3rd quarter. United Services Automobile Association now owns 4,243 shares of the technology company’s stock worth $311,000 after acquiring an additional 902 shares in the last quarter. Strs Ohio grew its stake in shares of Varonis Systems by 6.3% during the 4th quarter. Strs Ohio now owns 16,900 shares of the technology company’s stock worth $894,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Varonis Systems by 2.2% during the 3rd quarter. Swiss National Bank now owns 50,118 shares of the technology company’s stock worth $3,671,000 after acquiring an additional 1,100 shares in the last quarter. 83.75% of the stock is owned by institutional investors.
Varonis Systems Company Profile
Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.
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