In a report released today, Daniel Ives from Wedbush maintained a Hold rating on Varonis Systems (NASDAQ: VRNS), with a price target of $68. The company’s shares closed yesterday at $60.62.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 3.5% and a 53.2% success rate. Ives covers the Technology sector, focusing on stocks such as Tenable Holdings Inc, Citrix Systems, and Nice-Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Varonis Systems with a $75.60 average price target, representing a 24.7% upside. In a report issued on October 19, Morgan Stanley also maintained a Hold rating on the stock with a $70 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 494K.
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.
