Varonis Systems (VRNS) Gets a Hold Rating from Barclays


In a report released yesterday, Saket Kalia from Barclays maintained a Hold rating on Varonis Systems (VRNS), with a price target of $62.00. The company’s shares closed last Monday at $56.90.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 5.0% and a 50.0% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Ping Identity Holding, and CyberArk Software.

Currently, the analyst consensus on Varonis Systems is a Strong Buy with an average price target of $87.33.

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Based on Varonis Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $72.56 million and GAAP net loss of $14.65 million. In comparison, last year the company earned revenue of $87.52 million and had a net profit of $6.47 million.

Based on the recent corporate insider activity of 38 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 providing 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.

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