Varonis Systems (VRNS) Scheduled to Post Earnings on Monday

Varonis Systems (NASDAQ:VRNS) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Varonis Systems to post earnings of ($0.09) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. The firm had revenue of $154.10 million for the quarter, compared to analyst estimates of $151.64 million. On average, analysts expect Varonis Systems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $43.77 on Friday. 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 firm’s 50 day simple moving average is $47.08 and its 200-day simple moving average is $44.00. Varonis Systems has a 12 month low of $22.35 and a 12 month high of $52.88. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -47.58 and a beta of 0.84.

Insiders Place Their Bets

In other news, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $50.54, for a total value of $985,530.00. Following the completion of the transaction, the director now owns 19,263 shares in the company, valued at approximately $973,552.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ofer Segev sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the completion of the transaction, the director now owns 75,682 shares in the company, valued at approximately $3,945,302.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the sale, the director now owns 19,263 shares in the company, valued at $973,552.02. The disclosure for this sale can be found here. Insiders have sold a total of 372,419 shares of company stock worth $18,571,413 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VRNS shares. Royal Bank of Canada reiterated an “outperform” rating and set a $56.00 target price on shares of Varonis Systems in a research report on Friday, March 15th. Wells Fargo & Company lifted their price target on Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Piper Sandler boosted their price target on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Robert W. Baird upped their price target on Varonis Systems from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, Stephens restated an “overweight” rating and issued a $55.00 target price on shares of Varonis Systems in a report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.81.

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.