Varonis Systems (VRNS) Projected to Post Quarterly Earnings on Monday

Varonis Systems (NASDAQ:VRNS) is expected to announce its earnings results after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $0.14 per share and revenue of $165.13 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Varonis Systems Trading Up 0.9 %

Shares of VRNS stock opened at $45.36 on Friday. Varonis Systems has a twelve month low of $41.13 and a twelve month high of $60.58. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of -60.48 and a beta of 0.83. The company’s 50-day moving average price is $46.33 and its 200-day moving average price is $51.36. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05.

Insiders Place Their Bets

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, October 30th. DA Davidson lowered their price target on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Citigroup reduced their price objective on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They issued an “overweight” rating and a $60.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.44.

About Varonis Systems

Varonis 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.