Were Analysts Bearish Varonis Systems, Inc. (NASDAQ:VRNS) This Week?

May 18, 2018 - By Richard Conner

Varonis Systems, Inc. (NASDAQ:VRNS) LogoInvestors sentiment decreased to 1.6 in Q4 2017. Its down 0.12, from 1.72 in 2017Q3. It dropped, 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.
Paw Cap has 3.82% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 62,500 shares. Moreover, D E Shaw Company has 0.01% invested in Varonis Systems, Inc. (NASDAQ:VRNS). University Of Notre Dame Du Lac holds 176,318 shares or 1.78% of its portfolio. New York State Common Retirement Fund holds 32,925 shares. Northcoast Asset Management Ltd Liability stated it has 0.12% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Castleark Mgmt Limited Liability Corp reported 215,930 shares. Renaissance has invested 0.02% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). G2 Inv Ptnrs Management Limited Liability Company reported 5.52% in Varonis Systems, Inc. (NASDAQ:VRNS). Bancorporation Of Montreal Can owns 29,471 shares for 0% of their portfolio. Convergence Invest Ptnrs Limited Liability Corp reported 34,310 shares. Trexquant Invest Limited Partnership stated it has 0.09% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Millennium Mgmt Ltd Company reported 0.06% stake. Point72 Asia (Hong Kong) Ltd stated it has 72 shares. Bogle Invest Management Lp De has 0.63% invested in Varonis Systems, Inc. (NASDAQ:VRNS). Alliancebernstein Limited Partnership has 0% invested in Varonis Systems, Inc. (NASDAQ:VRNS).

Since January 3, 2018, it had 0 insider buys, and 8 sales for $13.89 million activity. $1.99 million worth of Varonis Systems, Inc. (NASDAQ:VRNS) shares were sold by O’Boyle James. Faitelson Yakov had sold 106,426 shares worth $5.99M on Thursday, March 1. Shares for $1.01M were sold by Bass David. Another trade for 50,000 shares valued at $2.95M was made by COMOLLI KEVIN E on Tuesday, March 6. Iohan Gili sold $988,840 worth of Varonis Systems, Inc. (NASDAQ:VRNS) on Monday, March 26.

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

Among 11 analysts covering Varonis Systems (NASDAQ:VRNS), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Varonis Systems had 24 analyst reports since December 5, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, February 13 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, December 7. On Wednesday, December 13 the stock rating was maintained by Oppenheimer with “Buy”. Stephens maintained Varonis Systems, Inc. (NASDAQ:VRNS) rating on Friday, January 12. Stephens has “Buy” rating and $58.0 target. The firm earned “Buy” rating on Tuesday, December 5 by Oppenheimer. The firm earned “Market Outperform” rating on Tuesday, February 13 by JMP Securities. As per Tuesday, May 1, the company rating was maintained by JMP Securities. The company was maintained on Tuesday, May 1 by Barclays Capital. The stock has “Buy” rating by Needham on Friday, January 19. The rating was maintained by Stephens with “Buy” on Tuesday, February 13. Below is a list of Varonis Systems, Inc. (NASDAQ:VRNS) latest ratings and price target changes.

01/05/2018 Broker: Oppenheimer Rating: Buy New Target: $71.0000 Maintain
01/05/2018 Broker: Imperial Capital Old Rating: Outperform New Rating: Outperform Old Target: $68 New Target: $77 Maintain
01/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $53 New Target: $63 Maintain
01/05/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $65 New Target: $67 Maintain
01/05/2018 Broker: DA Davidson Old Rating: Buy New Rating: Buy Old Target: $73 New Target: $75 Maintain
01/05/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $58 New Target: $71 Maintain
01/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $75 Maintain
23/04/2018 Broker: Needham Rating: Buy New Target: $80.0000 Maintain
23/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $74.0000 Maintain
19/04/2018 Broker: Jefferies Rating: Buy New Target: $77.0000 Maintain

The stock decreased 0.27% or $0.2 during the last trading session, reaching $72.75. About 205,873 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 92.87% since May 18, 2017 and is uptrending. It has outperformed by 81.32% the S&P500.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $2.09 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.

More important recent Varonis Systems, Inc. (NASDAQ:VRNS) news were published by: Globenewswire.com which released: “Varonis Announces First Quarter 2018 Financial Results” on April 30, 2018, also Investorplace.com published article titled: “The 5 Best Charts in the Market Right Now”, Globenewswire.com published: “Varonis to Present at May Investor Conferences” on May 01, 2018. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) was released by: Seekingalpha.com and their article: “Varonis Systems’ (VRNS) CEO Yaki Faitelson on Q1 2018 Results – Earnings Call Transcript” with publication date: May 01, 2018.

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

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