Headlines about Varonis Systems (NASDAQ:VRNS) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Varonis Systems earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.6338095823342 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Guy Melamed Sells 1,616 Shares of Varonis Systems Inc (VRNS) Stock (americanbankingnews.com)
- Varonis Systems Inc (VRNS) CFO Guy Melamed Sells 844 Shares (americanbankingnews.com)
- Ripe for A Big Move? Update on Varonis Systems, Inc. (NASDAQ:VRNS) (vassarnews.com)
- Delving into the Earnings & Quant Data Behind Varonis Systems, Inc. (NasdaqGS:VRNS) With an EBITDA of -0.008655 (zeelandpress.com)
A number of research firms recently issued reports on VRNS. Jefferies Financial Group restated a “buy” rating and issued a $92.00 target price on shares of Varonis Systems in a report on Friday, July 20th. BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Barclays lowered their target price on shares of Varonis Systems from $79.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price target on shares of Varonis Systems in a research report on Monday, July 30th. Finally, Needham & Company LLC lifted their price target on shares of Varonis Systems to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.87.
Shares of VRNS stock opened at $74.50 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -149.00 and a beta of 0.74. Varonis Systems has a fifty-two week low of $38.85 and a fifty-two week high of $83.10.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, July 30th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $62.19 million for the quarter, compared to analyst estimates of $62.20 million. Varonis Systems had a negative net margin of 10.52% and a negative return on equity of 23.77%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. equities research analysts predict that Varonis Systems will post -0.93 EPS for the current year.
In other news, Director Gili Iohan sold 17,931 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $81.69, for a total transaction of $1,464,783.39. Following the transaction, the director now directly owns 15,429 shares of the company’s stock, valued at $1,260,395.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas F. Mendoza bought 1,688 shares of Varonis Systems stock in a transaction dated Thursday, August 2nd. The shares were purchased at an average cost of $59.58 per share, for a total transaction of $100,571.04. Following the completion of the transaction, the director now owns 22,511 shares of the company’s stock, valued at approximately $1,341,205.38. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 20,391 shares of company stock worth $1,643,589. 4.20% of the stock is currently owned by corporate insiders.
About Varonis Systems
Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.
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