What’s in Varonis Systems, Inc. (VRNS) After Touching Record High?

April 16, 2018 - By Clifton Ray

Varonis Systems, Inc. (NASDAQ:VRNS) Logo

Investors sentiment decreased to 1.6 in 2017 Q4. Its down 0.12, from 1.72 in 2017Q3. It dived, 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.
49,699 are owned by Los Angeles Cap Mgmt & Equity Research. Northern Trust Corp accumulated 241,513 shares. 139 are held by Captrust Fincl Advisors. Pittenger Anderson invested 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). S Squared Technology Lc invested 5.39% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Waddell Reed Financial holds 0.07% or 668,320 shares. Van Eck invested 0% in Varonis Systems, Inc. (NASDAQ:VRNS). Pacad Limited holds 1,700 shares. American Int Grp Inc invested in 0% or 13,186 shares. State Street Corp reported 369,914 shares stake. Ameritas Investment Ptnrs holds 1,680 shares. Manufacturers Life Comm The owns 15,181 shares. 4,700 are owned by Brandywine Managers Limited. Hbk Investments L P reported 31,667 shares. Parallax Volatility Advisers Ltd Partnership owns 3,024 shares or 0% of their US portfolio.

Since January 3, 2018, it had 0 insider purchases, and 7 insider sales for $13.83 million activity. 16,370 shares valued at $988,840 were sold by Iohan Gili on Monday, March 26. On Tuesday, March 6 the insider COMOLLI KEVIN E sold $2.95 million. Melamed Guy also sold $870,574 worth of Varonis Systems, Inc. (NASDAQ:VRNS) on Thursday, March 1. The insider Bass David sold $1.01M. Another trade for 35,000 shares valued at $1.99M was made by O’Boyle James on Thursday, March 1.

The stock of Varonis Systems, Inc. (NASDAQ:VRNS) reached all time high today, Apr, 16 and still has $68.74 target or 4.00 % above today’s $66.10 share price. This indicates more upside for the $1.87B company. This technical setup was reported by Barchart.com. If the $68.74 PT is reached, the company will be worth $74.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.77% or $1.15 during the last trading session, reaching $66.1. About 88,010 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 92.87% since April 16, 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 earnings per share, down 22.50 % or $0.09 from last year’s $-0.4 per share. After $0.18 actual earnings per share 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. As per Friday, January 12, the company rating was maintained by Stephens. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Wednesday, October 18 by RBC Capital Markets. The stock has “Buy” rating by Needham on Friday, January 19. The firm earned “Buy” rating on Tuesday, February 13 by Stifel Nicolaus. Jefferies maintained the shares of VRNS in report on Thursday, November 2 with “Buy” rating. On Thursday, October 19 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $55.0 target in Thursday, December 7 report. Stifel Nicolaus maintained it with “Buy” rating and $52.0 target in Thursday, November 2 report. The rating was maintained by Oppenheimer on Wednesday, December 13 with “Buy”. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Equal-Weight” rating given on Tuesday, February 13 by Barclays Capital.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $1.87 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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