Varonis Systems, Inc. (NASDAQ:VRNS) Receives Average Rating of "Moderate Buy" 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.

Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) has received an average recommendation of "Moderate Buy" from the seventeen brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $61.6471.

VRNS has been the subject of a number of research analyst reports. Wedbush restated an "outperform" rating and set a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, September 3rd. Morgan Stanley lifted their price target on Varonis Systems from $59.00 to $66.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Barclays lifted their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upgraded Varonis Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $51.00 to $70.00 in a research report on Monday, August 11th. Finally, Jefferies Financial Group upgraded Varonis Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $65.00 in a research report on Thursday, July 24th.

Insider Activity

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the transaction, the director owned 128,666 shares in the company, valued at $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the transaction, the chief financial officer owned 470,602 shares of the company's stock, valued at $25,930,170.20. This trade represents a 9.93% 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 valued at $6,429,405. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of Varonis Systems by 26.2% during 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 buying an additional 848,408 shares during the period. First Trust Advisors LP boosted its position in shares of Varonis Systems by 5.5% during the second quarter. First Trust Advisors LP now owns 2,917,391 shares of the technology company's stock valued at $148,058,000 after buying an additional 152,477 shares during the period. RGM Capital LLC boosted its position in shares of Varonis Systems by 45.5% during the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company's stock valued at $109,479,000 after buying an additional 846,475 shares during the period. Geode Capital Management LLC boosted its position in shares of Varonis Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company's stock valued at $135,537,000 after buying an additional 7,342 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Varonis Systems by 98.6% during 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 buying an additional 1,152,687 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Trading Up 0.5%

Shares of Varonis Systems stock opened at $56.03 on Monday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of -60.90 and a beta of 0.67. The business has a 50-day moving average price of $54.60 and a 200-day moving average price of $47.79. 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 twelve month low of $36.53 and a twelve month high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued 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 firm had revenue of $152.16 million during 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 business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business 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. Equities research analysts anticipate that Varonis Systems will post -0.83 EPS for the current fiscal year.

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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