Varonis Systems' (VRNS) "Outperform" Rating Reiterated at Wedbush

Key Points

• Wedbush has reiterated its "outperform" rating for Varonis Systems (VRNS) with a price target of $65.00, indicating a potential upside of 16.92% from the current price.
• Varonis reported $152.16 million in revenue for the last quarter, exceeding analyst expectations, and earned $0.03 EPS, beating the consensus estimate of $0.01.
• Insider transactions revealed significant share sales, including CFO Guy Melamed selling 51,889 shares at around $55.10, reducing his holdings by nearly 10%.

Varonis Systems (NASDAQ:VRNS - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Wedbush in a note issued to investors on Wednesday,Benzinga reports. They currently have a $65.00 price target on the technology company's stock. Wedbush's price objective points to a potential upside of 16.92% from the company's current price.

A number of other equities analysts also recently commented on the stock. Barclays increased their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their target price on shares of Varonis Systems from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Susquehanna increased their price target on shares of Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Morgan Stanley lifted their price objective on shares of Varonis Systems from $59.00 to $66.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Citigroup raised their target price on shares of Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $61.65.

Varonis Systems Trading Down 2.2%

VRNS stock traded down $1.25 during trading on Wednesday, hitting $55.59. The company had a trading volume of 249,221 shares, compared to its average volume of 1,544,749. The firm has a 50-day moving average price of $54.28 and a 200-day moving average price of $47.51. 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 12 month low of $36.53 and a 12 month high of $60.58. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of -60.34 and a beta of 0.67.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.80 million. During the same quarter in the previous year, the business earned $0.05 EPS. The firm's revenue was up 16.7% on a year-over-year basis. 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 year.

Insider Transactions at Varonis Systems

In other news, CFO Guy Melamed sold 51,889 shares of the stock in a transaction 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 represents a 9.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction 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 represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,386 shares of company stock worth $6,429,405. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company's stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Quarry LP increased its position in Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company's stock worth $44,000 after purchasing an additional 261 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Varonis Systems by 344.3% during the second 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 purchased a new stake in Varonis Systems in the first quarter worth about $69,000. Finally, NBC Securities Inc. lifted its position in shares of Varonis Systems by 100,200.0% during the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after buying an additional 2,004 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

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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