Today’s Short Interest Alert: A Reversal for Varonis Systems Incorporated (NASDAQ:VRNS) Is Not Near. The Stock Has Rise in Shorts

November 21, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Short Interest Alert: A Reversal for Varonis Systems Incorporated (NASDAQ:VRNS) Is Not Near. The Stock Has Rise in Shorts

The stock of Varonis Systems Incorporated (NASDAQ:VRNS) registered an increase of 3.09% in short interest. VRNS’s total short interest was 477,300 shares in November as published by FINRA. Its up 3.09% from 463,000 shares, reported previously. With 132,900 shares average volume, it will take short sellers 4 days to cover their VRNS’s short positions. The short interest to Varonis Systems Incorporated’s float is 2.67%. The stock increased 0.49% or $0.15 on November 18, hitting $30.95. Varonis Systems Inc (NASDAQ:VRNS) has risen 60.28% since April 19, 2016 and is uptrending. It has outperformed by 56.42% the S&P500.

Varonis Systems, Inc. provides a software platform that allows enterprises to analyze, secure, manage and utilize their unstructured data. The company has a market cap of $820.74 million. The Firm 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. It currently has negative earnings. The Company’s 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.

Insitutional Activity: The institutional sentiment decreased to 1.79 in 2016 Q2. Its down 0.36, from 2.15 in 2016Q1. The ratio worsened, as 5 funds sold all Varonis Systems Inc shares owned while 21 reduced positions. 25 funds bought stakes while 31 increased positions. They now own 10.22 million shares or 5.88% less from 10.86 million shares in 2016Q1.
The Pennsylvania-based Vanguard has invested 0% in Varonis Systems Inc (NASDAQ:VRNS). Commercial Bank Of Montreal Can last reported 162 shares in the company. Credit Suisse Ag has invested 0% of its portfolio in Varonis Systems Inc (NASDAQ:VRNS). Swiss State Bank holds 0% or 21,118 shares in its portfolio. G2 Ptnrs Management Limited Liability Corporation last reported 0.96% of its portfolio in the stock. Royal Bancorp Of Canada accumulated 146,398 shares or 0% of the stock. Commercial Bank Of New York Mellon last reported 52,692 shares in the company. Bnp Paribas Arbitrage Sa accumulated 0% or 414 shares. Wells Fargo & Communications Mn holds 0% or 3,200 shares in its portfolio. Eam Ltd Liability Corporation reported 41,767 shares or 0.15% of all its holdings. California State Teachers Retirement Systems holds 0% of its portfolio in Varonis Systems Inc (NASDAQ:VRNS) for 22,434 shares. Art Advsrs Ltd Llc, a New York-based fund reported 9,491 shares. State Common Retirement Fund last reported 8,200 shares in the company. Bamco has invested 0% of its portfolio in Varonis Systems Inc (NASDAQ:VRNS). Castleark Mgmt Lc holds 159,773 shares or 0.12% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 44 insider sales for $34.04 million net activity. Another trade for 34,568 shares valued at $978,109 was sold by Korkus Ohad. Another trade for 5,000 shares valued at $130,000 was sold by Iohan Gili. Pitango Venture Capital Fund IV – L.P. sold 34,000 shares worth $1.04M. Faitelson Yakov had sold 4,800 shares worth $151,395 on Monday, November 7. The insider O’Boyle James sold 8,000 shares worth $195,200. $475,941 worth of Varonis Systems Inc (NASDAQ:VRNS) was sold by EVERGREEN IV L.P..

Varonis Systems Inc (NASDAQ:VRNS) Ratings Coverage

Out of 10 analysts covering Varonis Systems (NASDAQ:VRNS), 7 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 70% are positive. Varonis Systems has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, August 10 by Jefferies. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, September 29. Needham upgraded the shares of VRNS in a report on Wednesday, August 10 to “Buy” rating. The firm earned “Equal-Weight” rating on Thursday, March 17 by Barclays Capital. The stock has “Buy” rating given by Brean Capital on Tuesday, January 12. The rating was maintained by Imperial Capital with “Outperform” on Thursday, November 12. Lake Street initiated the shares of VRNS in a report on Wednesday, December 16 with “Buy” rating. Imperial Capital maintained it with “Outperform” rating and $35 target price in Friday, August 12 report. JMP Securities maintained Varonis Systems Inc (NASDAQ:VRNS) rating on Wednesday, August 10. JMP Securities has “Market Outperform” rating and $33 price target. The stock has “Outperform” rating given by Imperial Capital on Monday, May 16.

VRNS Company Profile

Varonis Systems, Inc. (Varonis), incorporated on November 3, 2004, provides a software platform that allows enterprises to analyze, secure, manage and utilize their unstructured data. The Firm 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. The Company’s 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 range of use cases, including data governance, data security, archiving, file synchronization, mobile data accessibility and information collaboration. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit (IDU) Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. The Company’s subsidiaries include Varonis Systems Ltd. (VSL), Varonis UK (VSUK), Varonis Systems (Deutschland) GmbH (VSG), Varonis France SAS (VSF) and Varonis Systems Corp. (VSC).

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By Adrian Mccoy


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