Varonis Systems' (VRNS) "Overweight" Rating Reiterated at Cantor Fitzgerald

Varonis Systems (NASDAQ:VRNS - Get Free Report)'s stock had its "overweight" rating restated by Cantor Fitzgerald in a note issued to investors on Tuesday,Benzinga reports. They currently have a $60.00 price objective on the technology company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 19.15% from the stock's previous close. Cantor Fitzgerald also issued estimates for Varonis Systems' FY2026 earnings at ($0.65) EPS.

A number of other equities analysts also recently commented on VRNS. Royal Bank of Canada upped their target price on Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wolfe Research raised shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research note on Friday, March 28th. Jefferies Financial Group reduced their price target on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. UBS Group raised their price objective on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Varonis Systems presently has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Trading Down 0.2%

VRNS traded down $0.12 on Tuesday, hitting $50.36. 379,081 shares of the company were exchanged, compared to its average volume of 1,540,294. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $44.32. The stock has a market capitalization of $5.64 billion, a PE ratio of -58.56 and a beta of 0.76. Varonis Systems has a 12 month low of $36.53 and a 12 month high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). The firm had revenue of $136.42 million during the quarter, compared to analysts' expectations of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. Varonis Systems's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) EPS. Sell-side analysts expect that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 131,666 shares in the company, valued at $6,583,300. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VRNS. Rhumbline Advisers increased its holdings in Varonis Systems by 5.7% in the 1st quarter. Rhumbline Advisers now owns 173,984 shares of the technology company's stock worth $7,038,000 after buying an additional 9,404 shares in the last quarter. Strs Ohio bought a new position in Varonis Systems during the first quarter valued at approximately $380,000. Intech Investment Management LLC boosted its holdings in Varonis Systems by 24.3% in the first quarter. Intech Investment Management LLC now owns 59,923 shares of the technology company's stock worth $2,424,000 after purchasing an additional 11,715 shares during the last quarter. Focus Partners Wealth bought a new stake in Varonis Systems in the 1st quarter worth approximately $3,973,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Varonis Systems by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company's stock worth $25,049,000 after purchasing an additional 64,636 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.