Varonis Systems (NASDAQ:VRNS) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of ($0.04) – $0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $260-264.5 million, compared to the consensus revenue estimate of $250.35 million.

Varonis Systems (NASDAQ:VRNS) traded up $1.50 during trading on Monday, hitting $53.90. The stock had a trading volume of 512,924 shares, compared to its average volume of 228,808. The firm has a market cap of $1,458.75, a PE ratio of -92.93 and a beta of 0.89. Varonis Systems has a 52-week low of $26.35 and a 52-week high of $55.85.

A number of analysts have recently weighed in on VRNS shares. Royal Bank of Canada reissued a buy rating and issued a $55.00 price objective on shares of Varonis Systems in a research report on Thursday, December 7th. Oppenheimer started coverage on Varonis Systems in a research report on Wednesday, December 6th. They issued an outperform rating and a $57.00 price objective for the company. Stephens reissued a buy rating and issued a $58.00 price objective on shares of Varonis Systems in a research report on Friday, January 12th. Barclays reissued a neutral rating on shares of Varonis Systems in a research report on Tuesday, December 19th. Finally, Needham & Company LLC raised their price objective on Varonis Systems from $52.00 to $65.00 and gave the stock a buy rating in a research report on Friday, January 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Varonis Systems presently has a consensus rating of Buy and a consensus target price of $53.36.

In related news, Director Rona Segev-Gal sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $48.05, for a total value of $240,250.00. Following the completion of the transaction, the director now owns 15,107 shares in the company, valued at approximately $725,891.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 897 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $48.95, for a total value of $43,908.15. Following the completion of the transaction, the chief financial officer now owns 95,408 shares of the company’s stock, valued at approximately $4,670,221.60. The disclosure for this sale can be found here. Insiders sold a total of 281,323 shares of company stock valued at $14,217,536 in the last 90 days. 19.50% of the stock is currently owned by company insiders.

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About Varonis Systems

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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