Varonis Systems, Inc. (NASDAQ:VRNS – Get Free Report) Director Avrohom J. Kess purchased 230 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $51.75 per share, for a total transaction of $11,902.50. Following the purchase, the director now directly owns 23,262 shares in the company, valued at approximately $1,203,808.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Varonis Systems Stock Performance
Shares of VRNS opened at $49.96 on Tuesday. Varonis Systems, Inc. has a 52-week low of $22.34 and a 52-week high of $52.30. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $45.32 and its two-hundred day moving average is $37.10.
Wall Street Analyst Weigh In
VRNS has been the subject of several recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $45.00 price target (up previously from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Wells Fargo & Company boosted their price target on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. JMP Securities reissued a “market outperform” rating and issued a $63.00 price target on shares of Varonis Systems in a report on Monday, February 5th. Morgan Stanley boosted their price target on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, Robert W. Baird boosted their price target on shares of Varonis Systems from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.40.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of Varonis Systems by 87.2% during the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after acquiring an additional 429 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Varonis Systems during the 1st quarter valued at about $26,000. Point72 Hong Kong Ltd acquired a new position in shares of Varonis Systems during the 2nd quarter valued at about $30,000. Pinebridge Investments L.P. acquired a new position in shares of Varonis Systems during the 2nd quarter valued at about $33,000. Finally, Captrust Financial Advisors boosted its position in shares of Varonis Systems by 35.9% during the 1st quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
Varonis Systems Company Profile
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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