Varonis Systems Inc (NASDAQ:VRNS) – Equities researchers at Jefferies Financial Group issued their Q4 2021 earnings per share (EPS) estimates for shares of Varonis Systems in a research note issued to investors on Monday, February 10th. Jefferies Financial Group analyst B. Thill forecasts that the technology company will post earnings of ($0.19) per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $105.00 target price on the stock.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Monday, February 10th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.38. Varonis Systems had a negative return on equity of 72.60% and a negative net margin of 30.99%. The company had revenue of $72.60 million for the quarter, compared to analyst estimates of $72.05 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was down 17.0% compared to the same quarter last year.
A number of other equities research analysts have also commented on VRNS. Morgan Stanley increased their price target on Varonis Systems from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Varonis Systems in a research report on Friday, February 7th. Zacks Investment Research lowered Varonis Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. ValuEngine lowered Varonis Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, William Blair started coverage on Varonis Systems in a research report on Thursday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $94.27.
VRNS stock opened at $92.63 on Thursday. Varonis Systems has a 1-year low of $52.52 and a 1-year high of $93.24. The firm has a market cap of $2.84 billion, a P/E ratio of -35.49 and a beta of 0.92. The business’s 50 day moving average is $83.95 and its 200-day moving average is $73.03.
A number of large investors have recently bought and sold shares of VRNS. Carroll Financial Associates Inc. acquired a new position in Varonis Systems during the 4th quarter worth $41,000. Valeo Financial Advisors LLC lifted its holdings in Varonis Systems by 292.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 702 shares of the technology company’s stock worth $42,000 after buying an additional 523 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Varonis Systems by 1,147.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 836 shares of the technology company’s stock worth $50,000 after buying an additional 769 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Varonis Systems during the 3rd quarter worth $66,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at $72,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
In other Varonis Systems news, CEO Yakov Faitelson sold 65,176 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $83.49, for a total transaction of $5,441,544.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gili Iohan sold 11,765 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $85.48, for a total value of $1,005,672.20. Following the transaction, the director now directly owns 18,131 shares in the company, valued at approximately $1,549,837.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,441 shares of company stock worth $6,867,471. 2.80% of the stock is owned by corporate insiders.
About Varonis Systems
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
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