Varonis Systems' (VRNS) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Varonis Systems has been given a "sell (D-)" rating by Weiss Ratings, with other analysts providing mixed evaluations, resulting in a consensus rating of "Moderate Buy" and an average price target of $64.94.
• The company's stock saw minimal movement, trading down only 0.0% to $62.30, with a recent trading volume closely mirroring its average volume.
• Varonis reported earnings of $0.03 per share for the latest quarter, beating expectations, and has provided future guidance indicating expected growth despite a negative net margin.

Varonis Systems (NASDAQ:VRNS - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Varonis Systems from $61.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Citigroup upped their price target on shares of Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Zacks Research downgraded shares of Varonis Systems from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. DA Davidson upped their price target on shares of Varonis Systems from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald upped their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.94.

Varonis Systems Stock Down 0.0%

Shares of VRNS traded down $0.02 during trading hours on Friday, hitting $62.30. The stock had a trading volume of 1,125,819 shares, compared to its average volume of 1,126,501. The company's fifty day moving average is $58.97 and its two-hundred day moving average is $52.13. 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 52 week low of $36.53 and a 52 week high of $63.90.

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 for the quarter, topping 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 business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm'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. On average, equities analysts anticipate that Varonis Systems will post -0.83 EPS for the current fiscal year.

Insider Transactions at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 51,889 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 470,602 shares in the company, valued at approximately $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Varonis Systems by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company's stock valued at $165,231,000 after purchasing an additional 848,408 shares during the period. First Trust Advisors LP increased its stake in shares of Varonis Systems by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 2,917,391 shares of the technology company's stock valued at $148,058,000 after acquiring an additional 152,477 shares during the last quarter. 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 worth $109,479,000 after purchasing an additional 846,475 shares in the last quarter. 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 worth $135,537,000 after purchasing an additional 7,342 shares in the last quarter. 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 worth $93,897,000 after purchasing an additional 1,152,687 shares in the last quarter. 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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