Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Analysts at Cantor Fitzgerald raised their target price for Varonis Systems from $63.00 to $70.00, indicating a potential upside of 11.17% from the stock's previous close.
• Fifteen research analysts have rated Varonis Systems with a "Buy" rating, reflecting strong confidence in the stock despite other mixed ratings, including some "sell" recommendations.
• Varonis Systems reported a quarterly revenue of $152.16 million, exceeding estimates, and had a negative net margin of 17.30%, indicating ongoing financial challenges.

Varonis Systems (NASDAQ:VRNS - Get Free Report) had its target price lifted by research analysts at Cantor Fitzgerald from $63.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Cantor Fitzgerald's target price points to a potential upside of 11.17% from the stock's previous close.

A number of other analysts have also recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Varonis Systems in a research note on Wednesday, October 8th. Zacks Research cut shares of Varonis Systems from a "hold" rating to a "strong sell" rating in a research note on Monday, October 13th. JPMorgan Chase & Co. lifted their target price on shares of Varonis Systems from $61.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. TD Cowen lifted their target price on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a "buy" rating in a research note on Friday, October 17th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $64.00 target price on shares of Varonis Systems in a research note on Wednesday, September 3rd. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Varonis Systems presently has an average rating of "Moderate Buy" and a consensus price target of $64.94.

Varonis Systems Trading Up 1.0%

NASDAQ VRNS opened at $62.97 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of -68.48 and a beta of 0.64. The company's 50-day simple moving average is $58.89 and its two-hundred day simple moving average is $51.96. Varonis Systems has a one year low of $36.53 and a one year high of $63.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The company'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. Equities analysts forecast that Varonis Systems will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Varonis Systems

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

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of 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 buying an additional 848,408 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Varonis Systems by 5.5% in 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 purchasing an additional 152,477 shares during the period. RGM Capital LLC grew its holdings in shares of 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. Geode Capital Management LLC grew its holdings in shares of Varonis Systems by 0.3% in 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 purchasing an additional 7,342 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of 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. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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