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 analysts, with three hold ratings and fourteen buy ratings among the seventeen brokerages covering the company.
• The average 12-month target price for Varonis Systems' stock is $63.41, indicating potential growth based on analyst forecasts.
• Recently, company insiders have sold a total of 113,386 shares valued at about $6.43 million over the past ninety days.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $63.4118.

VRNS has been the subject of a number of research reports. Royal Bank Of Canada restated an "outperform" rating and set a $64.00 price objective on shares of Varonis Systems in a research report on Wednesday, September 3rd. Wedbush reaffirmed an "outperform" rating and set a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Wells Fargo & Company raised Varonis Systems from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $51.00 to $70.00 in a research note on Monday, August 11th. Citigroup raised 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. Finally, DA Davidson raised 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.

Insider Transactions at Varonis Systems

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company's stock valued at $44,000 after acquiring an additional 261 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Varonis Systems by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company's stock valued at $3,449,000 after acquiring an additional 284 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company's stock valued at $25,000 after acquiring an additional 317 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Varonis Systems by 5.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company's stock valued at $340,000 after acquiring an additional 351 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Varonis Systems by 5.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,049 shares of the technology company's stock valued at $408,000 after acquiring an additional 393 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Varonis Systems Trading Up 2.8%

Shares of NASDAQ VRNS opened at $59.46 on Friday. Varonis Systems has a one year low of $36.53 and a one year high of $60.58. The firm has a market capitalization of $6.66 billion, a PE ratio of -64.63 and a beta of 0.64. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average price of $57.13 and a two-hundred day moving average price of $49.86.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.80 million. During the same period last year, the company posted $0.05 EPS. The business's quarterly revenue was up 16.7% compared to the same quarter last year. 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, analysts predict that Varonis Systems will post -0.83 earnings per share 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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