News stories about Varonis Systems (NASDAQ:VRNS) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Varonis Systems earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.4385626710095 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Oppenheimer Initiates Coverage on Varonis Systems (VRNS) (americanbankingnews.com)
- Cybersecurity Survey Reveals Significant GDPR Readiness Gap (finance.yahoo.com)
- Yakov Faitelson Sells 63,807 Shares of Varonis Systems Inc (VRNS) Stock (americanbankingnews.com)
- Insider Selling: Varonis Systems Inc (VRNS) Insider Sells 48,024 Shares of Stock (americanbankingnews.com)
- Varonis Systems (VRNS) Now Covered by Benchmark (americanbankingnews.com)
VRNS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Varonis Systems in a research report on Monday, September 11th. Jefferies Group raised their price objective on shares of Varonis Systems from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $44.00) on shares of Varonis Systems in a research report on Monday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.82.
Varonis Systems (NASDAQ VRNS) opened at $49.55 on Thursday. Varonis Systems has a 52-week low of $24.75 and a 52-week high of $53.60.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The company had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.53 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. sell-side analysts expect that Varonis Systems will post -0.53 earnings per share for the current fiscal year.
In other news, CEO Yakov Faitelson sold 63,807 shares of Varonis Systems 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 transaction, the chief executive officer now owns 157,651 shares of the company’s stock, valued at $7,937,727.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ohad Korkus sold 48,024 shares of Varonis Systems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $50.26, for a total transaction of $2,413,686.24. Following the completion of the transaction, the insider now directly owns 31,872 shares in the company, valued at approximately $1,601,886.72. The disclosure for this sale can be found here. In the last three months, insiders sold 744,390 shares of company stock worth $33,251,353. Insiders own 19.50% of the company’s stock.
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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