In a report released today, Jennifer Redding from Wedbush initiated coverage with a Hold rating on Varonis Systems (NASDAQ: VRNS) and a price target of $65. The company’s shares opened today at $64.69.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 6.0% and a 50.0% success rate. Redding covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Nordstrom Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Varonis Systems with a $75.89 average price target.
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The company has a one-year high of $83.10 and a one-year low of $41.75. Currently, Varonis Systems has an average volume of 475.6K.
Based on the recent corporate insider activity of 52 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.
