Varonis Systems, Inc. (NASDAQ:VRNS) Receives $61.65 Consensus Price Target from Analysts

Key Points

• Varonis Systems, Inc. has received an average rating of "Moderate Buy" from 17 brokerages, with three analysts rating the stock as a hold and fourteen assigning a buy rating.
• The average one-year price target for Varonis Systems' stock is $61.65, with several analysts recently raising their price targets to levels between $62.00 and $70.00.
• In the last quarter, Varonis reported earnings of $0.03 per share, exceeding analyst expectations, and its revenue increased by 16.7% year-over-year.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $61.6471.

A number of equities research analysts have recently weighed in on the company. DA Davidson boosted their price target on Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Susquehanna boosted their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Morgan Stanley boosted their price target on Varonis Systems from $59.00 to $66.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wedbush restated an "outperform" rating and set a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, Citigroup boosted their price target on Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th.

Insider Buying and Selling

In related news, CFO Guy Melamed sold 1,500 shares of the company's 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 sale, the chief financial officer owned 412,105 shares in the company, valued at $24,557,336.95. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director owned 128,666 shares in the company, valued at approximately $7,086,923.28. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Varonis Systems

A number of large investors have recently bought and sold shares of VRNS. Captrust Financial Advisors boosted its position in Varonis Systems by 66.6% in the fourth quarter. Captrust Financial Advisors now owns 13,765 shares of the technology company's stock valued at $612,000 after buying an additional 5,502 shares during the last quarter. Deutsche Bank AG lifted its holdings in Varonis Systems by 97.7% in the fourth quarter. Deutsche Bank AG now owns 1,338,452 shares of the technology company's stock valued at $59,467,000 after acquiring an additional 661,436 shares during the period. Ensign Peak Advisors Inc lifted its holdings in Varonis Systems by 11.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 51,230 shares of the technology company's stock valued at $2,276,000 after acquiring an additional 5,419 shares during the period. Graham Capital Management L.P. lifted its holdings in Varonis Systems by 207.3% in the fourth quarter. Graham Capital Management L.P. now owns 31,894 shares of the technology company's stock valued at $1,417,000 after acquiring an additional 21,514 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its holdings in Varonis Systems by 5.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 10,871 shares of the technology company's stock valued at $483,000 after acquiring an additional 540 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Down 1.7%

Varonis Systems stock traded down $0.99 during trading hours on Monday, reaching $56.20. The stock had a trading volume of 748,554 shares, compared to its average volume of 1,271,580. The company has a market cap of $6.30 billion, a price-to-earnings ratio of -61.09 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The business's 50 day moving average price is $55.23 and its 200-day moving average price is $48.21. Varonis Systems has a 52 week low of $36.53 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm's revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. Sell-side analysts anticipate that Varonis Systems will post -0.83 EPS for the current year.

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.