JMP Securities Believes VRNS Won’t Stop Here

By Carrie Williams

JMP Securities analyst Greg McDowell reiterated a Buy rating on Varonis Systems (NASDAQ: VRNS) today. The company’s shares opened today at $29.75, close to its 52-week high of $30.90.

According to, McDowell is a 1-star analyst with an average return of -2.5% and a 36.1% success rate. McDowell covers the Technology sector, focusing on stocks such as Progress Software Corp., Intralinks Holdings, and Limelight Networks.

Currently, the analyst consensus on Varonis Systems is Strong Buy and the average price target is $32.80, representing a 10.3% upside.

In a report issued on October 31, Brean Capital also reiterated a Buy rating on the stock.

The company has a one year high of $30.90 and a one year low of $13.25. Currently, Varonis Systems has an average volume of 148.6K.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Last month, Pitango Venture Capital Fund , L.P., a Major Shareholder at VRNS sold 6,793 shares for a total of $206,779.

Varonis Systems, Inc. provides innovative software platform that allows enterprises to map, analyze, manage and migrate 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, emails, text messages and any other data created by employees. Its proprietary Metadata Framework technology enables enterprises to access actionable insights from their human-generated data by intelligently extracting critical metadata, or data about data, from an organization’s IT infrastructure and constructing a map of functional relationships among employees, data objects, content and usage through this contextual information. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.