Varonis Systems, Inc. (NASDAQ:VRNS) Director Acquires $11,902.50 in Stock

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) Director Avrohom J. Kess purchased 230 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $51.75 per share, with a total value of $11,902.50. Following the purchase, the director now directly owns 23,262 shares of the company’s stock, valued at approximately $1,203,808.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Varonis Systems Stock Performance

Varonis Systems stock traded down $2.02 during trading hours on Monday, hitting $49.96. 1,448,314 shares of the stock traded hands, compared to its average volume of 1,486,611. The firm’s 50 day moving average price is $45.32 and its 200-day moving average price is $37.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of -55.02 and a beta of 0.83. Varonis Systems, Inc. has a 1 year low of $22.34 and a 1 year high of $52.30.

Wall Street Analyst Weigh In

VRNS has been the topic of several research reports. lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Citigroup raised their price objective on Varonis Systems from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. William Blair reiterated an “outperform” rating on shares of Varonis Systems in a report on Tuesday, October 31st. Finally, TheStreet upgraded shares of Varonis Systems from a “d+” rating to a “c-” rating in a report on Monday, November 13th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from, the company currently has an average rating of “Moderate Buy” and an average price target of $48.40.

Read Our Latest Analysis on Varonis Systems

Institutional Investors Weigh In On Varonis Systems

A number of large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Varonis Systems in the third quarter worth about $36,317,000. Scopia Capital Management LP purchased a new position in shares of Varonis Systems during the 1st quarter valued at approximately $30,638,000. Norges Bank acquired a new stake in Varonis Systems in the 4th quarter valued at $50,723,000. RGM Capital LLC increased its holdings in Varonis Systems by 147.1% in the 2nd quarter. RGM Capital LLC now owns 1,810,874 shares of the technology company’s stock worth $48,260,000 after acquiring an additional 1,077,922 shares in the last quarter. Finally, Cadian Capital Management LP raised its position in Varonis Systems by 34.6% during the third quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company’s stock worth $109,160,000 after acquiring an additional 919,334 shares during the period. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Varonis Systems Company Profile

(Get Free Report)

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.

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