Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Varonis Systems (VRNS) today and set a price target of $68. The company’s shares closed yesterday at $63.87.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.6% and a 77.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Proofpoint Inc.
Varonis Systems has an analyst consensus of Moderate Buy, with a price target consensus of $74.33.
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Based on Varonis Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $22.64 million. In comparison, last year the company had a GAAP net loss of $12.68 million.
Based on the recent corporate insider activity of 28 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.
