Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.38.
Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Needham & Company LLC reiterated a "buy" rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Wednesday, February 5th. DA Davidson decreased their price objective on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, October 30th.
Get Our Latest Research Report on Varonis Systems
Varonis Systems Stock Down 0.3 %
Shares of Varonis Systems stock traded down $0.12 during trading on Thursday, hitting $42.97. The company's stock had a trading volume of 1,115,155 shares, compared to its average volume of 2,188,798. Varonis Systems has a 52 week low of $39.62 and a 52 week high of $60.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The company has a fifty day simple moving average of $44.61 and a two-hundred day simple moving average of $50.75. The company has a market capitalization of $4.84 billion, a PE ratio of -49.96 and a beta of 0.83.
Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. Equities research analysts predict that Varonis Systems will post -0.83 earnings per share for the current year.
Varonis Systems declared that its Board of Directors has approved a share repurchase program on Monday, February 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRNS. Quantbot Technologies LP lifted its position in Varonis Systems by 61.4% during the 3rd quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company's stock worth $6,422,000 after acquiring an additional 43,258 shares during the period. Lisanti Capital Growth LLC boosted its position in Varonis Systems by 17.0% in the third quarter. Lisanti Capital Growth LLC now owns 74,305 shares of the technology company's stock valued at $4,198,000 after buying an additional 10,820 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Varonis Systems by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company's stock worth $19,802,000 after buying an additional 44,826 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Varonis Systems during the 3rd quarter worth approximately $1,872,000. Finally, Barclays PLC lifted its stake in Varonis Systems by 10.0% during the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock valued at $22,007,000 after acquiring an additional 35,274 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.
About Varonis Systems
(
Get Free ReportVaronis 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; source code, strategic and product plans; and other intellectual property.
Read More

Before you consider Varonis Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Varonis Systems wasn't on the list.
While Varonis Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.