How Analysts Feel About Varonis Systems, Inc. (VRNS) After Making 52-Week High?

April 17, 2018 - By reb123z

Varonis Systems, Inc. (NASDAQ:VRNS) Logo

Investors sentiment decreased to 1.6 in Q4 2017. Its down 0.12, from 1.72 in 2017Q3. It worsened, as 15 investors sold Varonis Systems, Inc. shares while 48 reduced holdings. 46 funds opened positions while 55 raised stakes. 22.34 million shares or 2.79% more from 21.73 million shares in 2017Q3 were reported.
Kistler stated it has 203 shares. 668,320 are held by Waddell And Reed Financial Inc. Acadian Asset has invested 0.02% in Varonis Systems, Inc. (NASDAQ:VRNS). Nuveen Asset Mgmt Limited Liability Company owns 0.02% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 52,601 shares. Fuller And Thaler Asset invested in 0.11% or 187,120 shares. Northcoast Asset Management Ltd Liability Com stated it has 28,564 shares or 0.12% of all its holdings. Voya Mgmt Lc has 8,416 shares. Emerald Advisers Pa invested in 719,544 shares or 1.35% of the stock. Invesco stated it has 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Mirae Asset Global Invs invested 0.01% in Varonis Systems, Inc. (NASDAQ:VRNS). Cadence Cap Mngmt Ltd Com holds 0.09% in Varonis Systems, Inc. (NASDAQ:VRNS) or 30,104 shares. Northern Trust owns 0% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 241,513 shares. Pacad Invest accumulated 1,700 shares or 0.02% of the stock. Parametric Portfolio Assocs Ltd reported 0% in Varonis Systems, Inc. (NASDAQ:VRNS). Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 5,896 shares.

Since January 3, 2018, it had 0 insider buys, and 7 sales for $13.83 million activity. 50,000 shares valued at $2.95M were sold by COMOLLI KEVIN E on Tuesday, March 6. $5.99M worth of stock was sold by Faitelson Yakov on Thursday, March 1. 16,370 shares were sold by Iohan Gili, worth $988,840 on Monday, March 26. 897 Varonis Systems, Inc. (NASDAQ:VRNS) shares with value of $43,908 were sold by Melamed Guy. Bass David also sold $1.01 million worth of Varonis Systems, Inc. (NASDAQ:VRNS) on Tuesday, March 13.

The stock of Varonis Systems, Inc. (NASDAQ:VRNS) hit a new 52-week high and has $71.48 target or 7.00 % above today’s $66.80 share price. The 5 months bullish chart indicates low risk for the $1.89B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $71.48 price target is reached, the company will be worth $132.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.60% or $1.05 during the last trading session, reaching $66.8. About 64,277 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 92.87% since April 17, 2017 and is uptrending. It has outperformed by 81.32% the S&P500.

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on May, 3. They expect $-0.49 EPS, down 22.50 % or $0.09 from last year’s $-0.4 per share. After $0.18 actual EPS reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -372.22 % negative EPS growth.

Varonis Systems, Inc. (NASDAQ:VRNS) Ratings Coverage

Among 10 analysts covering Varonis Systems (NASDAQ:VRNS), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Varonis Systems had 19 analyst reports since October 18, 2017 according to SRatingsIntel. Stephens maintained the shares of VRNS in report on Friday, January 12 with “Buy” rating. The company was maintained on Wednesday, December 13 by Oppenheimer. Stifel Nicolaus maintained the shares of VRNS in report on Thursday, November 2 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Tuesday, December 5. Needham maintained Varonis Systems, Inc. (NASDAQ:VRNS) on Friday, November 3 with “Buy” rating. The firm earned “Market Outperform” rating on Tuesday, February 13 by JMP Securities. The firm earned “Buy” rating on Wednesday, October 18 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $55.0 target in Thursday, December 7 report. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Wednesday, April 11 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of VRNS in report on Tuesday, February 13 with “Buy” rating.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $1.89 billion. The company, through its software platform, allows organizations to analyze, secure, manage, and migrate volumes of unstructured data. It currently has negative earnings. It specializes in file and email systems that store spreadsheets, word processing documents, presentations, audio and video files, emails, and text.

Varonis Systems, Inc. (NASDAQ:VRNS) Institutional Positions Chart

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