Stifel Nicolaus Upgrades Varonis Systems Inc to Buy

Brokerage firm Stifel Nicolaus Upgrades its rating on Varonis Systems Inc(VRNS). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 23, 2017 in a research report to their Investors and Clients.

Varonis Systems Inc (VRNS) made into the market gainers list on Fridays trading session with the shares advancing 0.81% or 0.25 points. Due to strong positive momentum, the stock ended at $30.95, which is also near the day’s high of $31.05. The stock began the session at $30.8 and the volume stood at 4,24,824 shares. The 52-week high of the shares is $32.05 and the 52 week low is $17.05. The company has a current market capitalization of $831 M and it has 2,68,41,597 shares in outstanding.

Varonis Systems Inc(VRNS) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $54.409M. Analysts had an estimated revenue of $53.400M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Feb 9, 2017, Gili Iohan (Chief Financial Officer) sold 5,000 shares at $31.00 per share price.Also, On Feb 8, 2017, Ohad Korkus (Chief Technology Officer) sold 106,199 shares at $30.72 per share price.On Feb 8, 2017, Yakov Faitelson (CEO, President, Chairman) sold 111,803 shares at $30.70 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 enterprise’s 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 enterprise’s 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.

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