DA Davidson Downgrades Varonis Systems: Here's What You Need To Know

DA Davidson downgraded its rating of Varonis Systems VRNS to Neutral with a price target of $45.00, changing its price target from $37.00 to $45.00.

Shares of Varonis Systems are trading down 0.62% over the last 24 hours, at $45.08 per share.

A move to $45.00 would account for a 0.18% decrease from the current share price.

About Varonis Systems

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.