Varonis Systems (NASDAQ:VRNS) Hits New 12-Month High - What's Next?

Key Points

• Varonis Systems' shares reached a new **52-week high** of **$60.94** during trading, with analysts showing optimism as Jefferies upgraded its rating to **buy** and set a price target of **$65.00**.
• The company's recent earnings report showed an **earnings per share (EPS)** of **$0.03**, beating expectations, and a **revenue** increase of **16.7%** year-over-year.
• Insider trading activity included significant sales by top executives, with the CFO selling nearly **52,000 shares**, indicating possible shifts in confidence among company stakeholders.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.84 and last traded at $60.94, with a volume of 573732 shares trading hands. The stock had previously closed at $59.33.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Citigroup increased their price objective on Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Robert W. Baird boosted 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Varonis Systems in a report on Saturday, September 27th. Finally, UBS Group lifted their price objective on shares of Varonis Systems from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.41.

Varonis Systems Trading Up 2.4%

The company has a 50 day moving average of $57.35 and a 200 day moving average of $50.23. The firm has a market cap of $6.80 billion, a P/E ratio of -66.01 and a beta of 0.64. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) 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 analysts' expectations of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The company's revenue was up 16.7% compared to the same quarter last year. During the same period in the previous 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. Analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction 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 transaction, the director directly owned 128,666 shares in the company, valued at approximately $7,086,923.28. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares of the company's stock, valued at approximately $25,930,170.20. This represents a 9.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,386 shares of company stock worth $6,429,405. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Varonis Systems

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its position in shares of Varonis Systems by 179.1% in the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company's stock valued at $25,000 after acquiring an additional 317 shares during the period. Quarry LP raised its stake in Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company's stock valued at $44,000 after purchasing an additional 261 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Varonis Systems by 344.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company's stock valued at $62,000 after purchasing an additional 940 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Varonis Systems in the 1st quarter worth $69,000. Finally, Evelyn Partners Investment Management LLP increased its holdings in shares of Varonis Systems by 13,746.2% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,800 shares of the technology company's stock worth $91,000 after purchasing an additional 1,787 shares during the period. Institutional investors 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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