Wedbush analyst Daniel Ives maintained a Buy rating on Varonis Systems (VRNS) today and set a price target of $90. The company’s shares closed yesterday at $69.38.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 6.7% and a 58.8% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Tenable Holdings Inc.
Varonis Systems has an analyst consensus of Strong Buy, with a price target consensus of $82, implying a 18.2% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock.
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The company has a one-year high of $78.93 and a one-year low of $48.67. Currently, Varonis Systems has an average volume of 319.1K.
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.
