Varonis Systems Inc (VRNS) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 . Imperial Capital advised their investors in a research report released on May 16, 2016.
On the company’s financial health, Varonis Systems Inc reported $-0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.39. The company had revenue of $30.50 million for the quarter, compared to analysts expectations of $28.49 million. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.44 EPS.
Varonis Systems Inc opened for trading at $21.66 and hit $22.35 on the upside on Friday, eventually ending the session at $22.23, with a gain of 2.21% or 0.48 points. The heightened volatility saw the trading volume jump to 1,05,406 shares. Company has a market cap of $583 M.
In a different news, on May 10, 2016, Thomas F Mendoza (director) sold 2,350 shares at $20.66 per share price. According to the SEC, on Mar 7, 2016, Yakov Faitelson (CEO, President, Chairman) sold 35,000 shares at $18.90 per share price. On Mar 4, 2016, Ohad Korkus (Chief Technology Officer) sold 33,000 shares at $18.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Varonis Systems Inc. provides a software platform that allows enterprises to map analyze manage and their unstructured data. The Company specializes in human-generated data a type of unstructured data that includes an enterprises spreadsheets word processing documents presentations audio files video files e-mails text messages and any other data created by employees. Its product portfolio includes DatAdvantage DataPrivilege IDU Classification Framework Data Transport Engine DatAnywhere and DatAnswers. Its Metadata Framework is a technology platform that extracts metadata from an enterprises information technology (IT) infrastructure and uses this information to map functional relationships among employees data objects content and usage. IT and business personnel deploy its software for a variety of use cases including data governance data security archiving file synchronization mobile data accessibility and information collaboration.