In a report released today, Shaul Eyal from Oppenheimer maintained a Buy rating on Varonis Systems (NASDAQ: VRNS). The company’s shares opened today at $65.45.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.8% and a 65.5% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Proofpoint Inc.
Currently, the analyst consensus on Varonis Systems is a Strong Buy with an average price target of $77.56, a 18.5% upside from current levels. In a report issued on July 29, RBC Capital also reiterated a Buy rating on the stock with a $85 price target.
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The company has a one-year high of $83.10 and a one-year low of $35.55. Currently, Varonis Systems has an average volume of 427.3K.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRNS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Varonis Systems, Inc. engages in the provision of data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.
