Varonis VRNS Q2 earnings beat estimates at $0.05 EPS, stock upgraded by JP Morgan Chase and Royal Bank of Canada.

Varonis Systems (NASDAQ:VRNS) has a "Moderate Buy" consensus rating from 18 analysts, with an average 12-month price target of $56.33. Vice Chairman James O'Boyle sold 75,000 shares of the company's stock for $3.83M. Q2 earnings exceeded estimates at $0.05 EPS, despite negative net margin and ROE. The company's market cap is $6.14B, with a beta of 0.82. JPMorgan Chase and Royal Bank of Canada upgraded the stock to "overweight" and "outperform" ratings, respectively.