Varonis Systems, Inc. (VRNS) Surges to All-Time High, Is Now Top Performer

April 16, 2018 - By Vivian Currie

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 worsened, 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.
Gofen Glossberg Limited Liability Corporation Il holds 0.01% or 4,850 shares in its portfolio. Parallax Volatility Advisers Limited Partnership accumulated 3,024 shares. Castleark Mgmt Limited Liability Company owns 215,930 shares for 0.31% of their portfolio. Ubs Asset Management Americas has invested 0.02% in Varonis Systems, Inc. (NASDAQ:VRNS). Rhumbline Advisers reported 18,029 shares. Jennison Limited Co has 1.80M shares for 0.09% of their portfolio. Moreover, Emerald Mutual Fund Advisers has 1.11% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 574,092 shares. Convergence Ptnrs Limited Liability Company accumulated 34,310 shares. Usa Financial Portformulas Corporation has 0.11% invested in Varonis Systems, Inc. (NASDAQ:VRNS). Mark Sheptoff Finance Planning Ltd Com, Connecticut-based fund reported 2,100 shares. The Maryland-based Hussman Strategic Advsr Inc has invested 0.69% in Varonis Systems, Inc. (NASDAQ:VRNS). First Manhattan Communications holds 0% or 1,765 shares in its portfolio. Secor Capital Lp reported 20,173 shares or 0.04% of all its holdings. 361,800 were accumulated by Renaissance Technology Ltd. Eam Invsts Ltd Co invested 0.66% in Varonis Systems, Inc. (NASDAQ:VRNS).

Since January 3, 2018, it had 0 insider purchases, and 7 sales for $13.83 million activity. 106,426 shares valued at $5.99 million were sold by Faitelson Yakov on Thursday, March 1. Shares for $1.01 million were sold by Bass David. Another trade for 16,370 shares valued at $988,840 was sold by Iohan Gili. 15,510 shares were sold by Melamed Guy, worth $870,574. The insider O’Boyle James sold 35,000 shares worth $1.99M.

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 EPS, down 22.50 % or $0.09 from last year’s $-0.4 per share. After $0.18 actual EPS 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. RBC Capital Markets maintained Varonis Systems, Inc. (NASDAQ:VRNS) on Thursday, December 7 with “Buy” rating. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) earned “Buy” rating by Stifel Nicolaus on Tuesday, February 13. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Thursday, November 2 by Jefferies. The rating was maintained by Stifel Nicolaus on Thursday, November 2 with “Buy”. As per Wednesday, December 13, the company rating was maintained by Oppenheimer. Stephens maintained the shares of VRNS in report on Friday, January 12 with “Buy” rating. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Tuesday, December 5 by Oppenheimer. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) earned “Buy” rating by Jefferies on Thursday, October 19. The firm has “Buy” rating given on Sunday, December 17 by Stifel Nicolaus. Barclays Capital maintained it with “Equal-Weight” rating and $58 target in Tuesday, February 13 report.

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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