Brokerages predict that Varonis Systems Inc (NASDAQ:VRNS) will report $0.29 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Varonis Systems’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. Varonis Systems reported earnings per share of $0.24 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The firm is scheduled to announce its next earnings report after the market closes on Monday, February 12th.

On average, analysts expect that Varonis Systems will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.17. For the next year, analysts forecast that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.18 to $0.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The firm had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. Varonis Systems’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS.

Several equities analysts recently commented on the company. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Varonis Systems in a research report on Friday, December 1st. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price target on shares of Varonis Systems in a research report on Wednesday, October 18th. Oppenheimer restated a “buy” rating and set a $57.00 price objective on shares of Varonis Systems in a report on Wednesday, December 13th. Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, November 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Varonis Systems in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.27.

In other news, Director Gili Iohan sold 52,569 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $49.93, for a total value of $2,624,770.17. Following the completion of the sale, the director now directly owns 57,446 shares in the company, valued at approximately $2,868,278.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yakov Faitelson sold 63,807 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $50.35, for a total value of $3,212,682.45. Following the completion of the sale, the chief executive officer now owns 157,651 shares of the company’s stock, valued at $7,937,727.85. The disclosure for this sale can be found here. Insiders sold a total of 287,384 shares of company stock valued at $14,505,934 over the last quarter. Company insiders own 19.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in VRNS. Oppenheimer Asset Management Inc. acquired a new position in Varonis Systems during the 2nd quarter valued at approximately $122,000. Legal & General Group Plc boosted its position in Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares during the period. Van ECK Associates Corp boosted its position in Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after purchasing an additional 296 shares during the period. CAPROCK Group Inc. acquired a new position in Varonis Systems during the 4th quarter valued at approximately $220,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in Varonis Systems during the 3rd quarter valued at approximately $243,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Varonis Systems (VRNS) traded up $1.45 during trading on Tuesday, reaching $54.25. The company had a trading volume of 475,247 shares, compared to its average volume of 171,218. The firm has a market cap of $1,510.27, a price-to-earnings ratio of -93.53 and a beta of 0.80. Varonis Systems has a 12-month low of $25.20 and a 12-month high of $55.17.

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Varonis Systems Company Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

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