UBS Group Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Key Points

• UBS Group raised its price target for Varonis Systems (NASDAQ:VRNS) from $65.00 to $70.00, indicating a potential upside of 17.57% from its previous close.
• Varonis Systems reported $0.03 earnings per share for the last quarter, exceeding analysts' estimates, with a revenue increase of 16.7% year-over-year.
• Institutional investors hold 95.65% of Varonis Systems' stock, highlighting significant confidence from major financial players in the company's future prospects.

Varonis Systems (NASDAQ:VRNS - Get Free Report) had its price objective lifted by investment analysts at UBS Group from $65.00 to $70.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. UBS Group's price objective would suggest a potential upside of 17.57% from the stock's previous close.

Other analysts also recently issued research reports about the company. B. Riley started coverage on Varonis Systems in a research note on Tuesday, August 26th. They issued a "buy" rating and a $80.00 target price on the stock. DA Davidson upped their target price on Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wedbush reiterated an "outperform" rating and set a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, September 3rd. Robert W. Baird increased their price target on Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Susquehanna increased their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Varonis Systems presently has a consensus rating of "Moderate Buy" and an average target price of $63.41.

Varonis Systems Stock Up 0.0%

Shares of Varonis Systems stock traded up $0.00 on Monday, reaching $59.54. The stock had a trading volume of 107,603 shares, compared to its average volume of 1,534,115. The company has a 50 day moving average price of $56.64 and a 200 day moving average price of $49.49. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. Varonis Systems has a 1 year low of $36.53 and a 1 year high of $60.58. The stock has a market capitalization of $6.67 billion, a P/E ratio of -64.73 and a beta of 0.67.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company's revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, equities research analysts forecast that Varonis Systems will post -0.83 EPS for the current year.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $59.59, for a total value of $89,385.00. Following the completion of the sale, the chief financial officer owned 412,105 shares of the company's stock, valued at approximately $24,557,336.95. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director directly owned 128,666 shares of the company's stock, valued at approximately $7,086,923.28. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,386 shares of company stock valued at $6,429,405. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Varonis Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Varonis Systems in the second quarter valued at $65,161,000. Voya Investment Management LLC boosted its holdings in Varonis Systems by 98.6% in the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company's stock valued at $93,897,000 after purchasing an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company's stock valued at $165,231,000 after purchasing an additional 848,408 shares during the period. RGM Capital LLC boosted its holdings in Varonis Systems by 45.5% in the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company's stock valued at $109,479,000 after purchasing an additional 846,475 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Varonis Systems by 319.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company's stock valued at $48,606,000 after purchasing an additional 740,114 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Company Profile

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.

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