Varonis Systems (NASDAQ:VRNS) Stock: Insider Rachel Prishkolnik Buys 1,015 Shares

Varonis Systems, Inc. (NASDAQ:VRNS) Director Rachel Prishkolnik bought 1,015 shares of Varonis Systems stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $25.72 per share, for a total transaction of $26,105.80. Following the completion of the acquisition, the director directly owned 33,953 shares in the company, valued at $873,271.16. This represents a 3.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Varonis Systems Stock Up 0.1%

VRNS stock opened at $48.80 on Friday. The firm has a market capitalization of $5.61 billion, a PE ratio of -36.69 and a beta of 0.76. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The stock has a 50-day simple moving average of $47.61 and a two-hundred day simple moving average of $35.94. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $50.31.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, November 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The firm had revenue of $189.46 million during the quarter, compared to analysts’ expectations of $186.74 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that Varonis Systems, Inc. will post -0.94 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

Hedge funds have recently bought and sold shares of the stock. Diversified Trust Co raised its position in shares of Varonis Systems by 8.9% during the 3rd quarter. Diversified Trust Co now owns 17,647 shares of the technology company’s stock valued at $837,000 after buying an additional 1,446 shares in the last quarter. Aberdeen Group plc acquired a new position in shares of Varonis Systems during the 3rd quarter valued at $4,160,000. Russell Investments Group Ltd. raised its holdings in Varonis Systems by 41.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,008,115 shares of the technology company’s stock worth $47,821,000 after buying an additional 293,245 shares during the period. Eurizon Capital SGR S.p.A. lifted its position in shares of Varonis Systems by 89.8% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 30,409 shares of the technology company’s stock worth $1,443,000 after buying an additional 14,387 shares during the period. Finally, R Squared Ltd acquired a new stake in Varonis Systems in the third quarter worth $212,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VRNS shares. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. New Street Research reiterated a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. DA Davidson cut shares of Varonis Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $49.75 in a research note on Friday, October 16th. Robert W. Baird increased their target price on shares of Varonis Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Finally, Citigroup upped their price target on shares of Varonis Systems from $45.00 to $49.75 and gave the company a “neutral” rating in a research note on Friday, October 16th. Four investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.39.

About Varonis Systems

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company’s products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.