VARONIS SYSTEMS INC (NASDAQ:VRNS) Stock Price Down as Sentiment Drops

June 17, 2018 - By Ash

Varonis Systems, Inc. (NASDAQ:VRNS) Logo


VARONIS SYSTEMS INC (NASDAQ:VRNS) institutional sentiment decreased to 0.97 in 2018 Q1. Its down -0.63, from 1.6 in 2017Q4. The ratio has worsened, as 85 funds increased and started new equity positions, while 88 cut down and sold their equity positions in VARONIS SYSTEMS INC. The funds in our partner’s database now have: 22.20 million shares, down from 22.34 million shares in 2017Q4. Also, the number of funds holding VARONIS SYSTEMS INC in their top 10 equity positions increased from 7 to 9 for an increase of 2. Sold All: 22 Reduced: 66 Increased: 50 New Position: 35.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $2.29 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.

The stock decreased 1.42% or $1.15 during the last trading session, reaching $79.8. About 349,235 shares traded or 15.16% up from the average. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 106.93% since June 17, 2017 and is uptrending. It has outperformed by 94.36% the S&P500.

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on August, 2. They expect $-0.32 earnings per share, down 77.78 % or $0.14 from last year’s $-0.18 per share. After $-0.46 actual earnings per share reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -30.43 % EPS growth.

Ion Asset Management Ltd. holds 16.74% of its portfolio in Varonis Systems, Inc. for 1.02 million shares. G2 Investment Partners Management Llc owns 207,369 shares or 4.93% of their US portfolio. Moreover, P.A.W. Capital Corp has 4% invested in the company for 55,000 shares. The New York-based S Squared Technology Llc has invested 3.5% in the stock. Timpani Capital Management Llc, a Wisconsin-based fund reported 136,374 shares.

Since January 1, 0001, it had 0 insider buys, and 16 insider sales for $36.13 million activity.

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

Ratings analysis reveals 82% of Varonis Systems’s analysts are positive. Out of 11 Wall Street analysts rating Varonis Systems, 9 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $58 while the high is $8000. The stock’s average target of $71.82 is -10.00% below today’s ($79.8) share price. VRNS was included in 20 notes of analysts from January 12, 2018. Needham maintained Varonis Systems, Inc. (NASDAQ:VRNS) on Friday, January 19 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, May 1. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, May 1. On Tuesday, February 13 the stock rating was maintained by Stephens with “Buy”. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Equal-Weight” rating given on Tuesday, February 13 by Barclays Capital. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Monday, April 23 by RBC Capital Markets. Needham maintained the stock with “Buy” rating in Monday, April 23 report. Morgan Stanley maintained the shares of VRNS in report on Tuesday, May 1 with “Equal-Weight” rating. Stephens maintained Varonis Systems, Inc. (NASDAQ:VRNS) on Friday, January 12 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, May 1 by Imperial Capital.

More notable recent Varonis Systems, Inc. (NASDAQ:VRNS) news were published by: which released: “Varonis Highlights Latest Products and Explores the Future of Cybersecurity at Gartner Security & Risk Management …” on May 30, 2018, also with their article: “Varonis Systems Inc (VRNS) CEO, President, Chairman Yakov Faitelson Sold $13.8 million of Shares” published on June 09, 2018, published: “Varonis Celebrates Winners of Inaugural Channel Partner Awards” on May 29, 2018. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) were released by: and their article: “3 Growth Stocks for Forward-Looking Investors” published on June 09, 2018 as well as‘s news article titled: “Independent Firm Finds Varonis Data Security Platform Can Deliver a 346% ROI” with publication date: June 13, 2018.

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

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