Craig-Hallum analyst Chad Bennett maintained a Buy rating on Varonis Systems (VRNS – Research Report) today and set a price target of $37.00. The company’s shares closed yesterday at $44.88.
Bennett covers the Technology sector, focusing on stocks such as OneSpan, Mitek Systems, and Teradata. According to TipRanks, Bennett has an average return of 6.0% and a 52.85% success rate on recommended stocks.
Varonis Systems has an analyst consensus of Moderate Buy, with a price target consensus of $47.92.
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Based on Varonis Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $122.31 million and a GAAP net loss of $23.02 million. In comparison, last year the company earned a revenue of $123.31 million and had a GAAP net loss of $28.72 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRNS in relation to earlier this year.
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Varonis Systems (VRNS) Company Description:
Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.
Read More on VRNS:
- Varonis announces universal data classification support for databases
- Varonis Announces Universal Data Classification Support for Databases
- Varonis Extends Data Security Posture Management Coverage to Snowflake
- Varonis extends data security posture management coverage to Snowflake
- Varonis accelerates secure adoption of Microsoft Copilot for Microsoft 365
