Equities analysts forecast that Varonis Systems Inc (NASDAQ:VRNS) will announce earnings of $0.29 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Varonis Systems’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Varonis Systems posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20.8%. The company is scheduled to report its next earnings report after the market closes on Monday, February 12th.

According to Zacks, analysts expect that Varonis Systems will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.17. For the next financial year, analysts forecast that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.18 to $0.35. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The company had revenue of $53.60 million for the quarter, compared to the consensus estimate of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. Varonis Systems’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) EPS.

VRNS has been the topic of a number of recent research reports. Oppenheimer reissued a “buy” rating and set a $57.00 price target on shares of Varonis Systems in a research report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a research report on Thursday, December 7th. Stephens reissued a “buy” rating and set a $58.00 price target on shares of Varonis Systems in a research report on Friday. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Finally, Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Varonis Systems in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and a consensus target price of $50.45.

In related news, CEO Yakov Faitelson sold 63,807 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $50.35, for a total transaction of $3,212,682.45. Following the completion of the sale, the chief executive officer now directly owns 157,651 shares in the company, valued at approximately $7,937,727.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Guy Melamed sold 605 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.65, for a total value of $26,408.25. Following the sale, the chief financial officer now owns 95,491 shares of the company’s stock, valued at $4,168,182.15. The disclosure for this sale can be found here. Insiders have sold a total of 287,384 shares of company stock valued at $14,505,934 over the last 90 days. 19.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of VRNS. Oppenheimer Asset Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth $122,000. Legal & General Group Plc raised its stake in Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after buying an additional 1,223 shares during the last quarter. Van ECK Associates Corp raised its stake in Varonis Systems by 5.9% in the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after buying an additional 296 shares during the last quarter. Schmidt P J Investment Management Inc. purchased a new stake in Varonis Systems in the third quarter valued at about $243,000. Finally, Symmetry Peak Management LLC purchased a new stake in Varonis Systems in the second quarter valued at about $279,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Shares of Varonis Systems (NASDAQ:VRNS) traded down $0.75 during trading on Tuesday, reaching $51.30. The company’s stock had a trading volume of 220,595 shares, compared to its average volume of 208,300. The company has a market cap of $1,450.00, a P/E ratio of -88.45 and a beta of 0.80. Varonis Systems has a 12 month low of $25.20 and a 12 month high of $53.85.

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Varonis Systems Company Profile

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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