Should I buy or sell Varonis Systems stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Varonis Systems in the last year. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VRNS shares. View VRNS analyst ratings or view top-rated stocks .

What is Varonis Systems' stock price target for 2024?

17 brokers have issued 12-month price targets for Varonis Systems' stock. Their VRNS share price targets range from $26.00 to $63.00. On average, they anticipate the company's stock price to reach $37.38 in the next twelve months. This suggests that the stock has a possible downside of 14.3%. View analysts price targets for VRNS or view top-rated stocks among Wall Street analysts .

How have VRNS shares performed in 2023?

Varonis Systems' stock was trading at $23.94 at the beginning of 2023. Since then, VRNS stock has increased by 82.2% and is now trading at $43.62. View the best growth stocks for 2023 here .

When is Varonis Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024. View our VRNS earnings forecast .

How were Varonis Systems' earnings last quarter?

Varonis Systems, Inc. (NASDAQ:VRNS) announced its quarterly earnings data on Monday, October, 30th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.05. The technology company had revenue of $122.31 million for the quarter, compared to analysts' expectations of $125.75 million. Varonis Systems had a negative net margin of 22.71% and a negative trailing twelve-month return on equity of 22.29%.

What ETFs hold Varonis Systems' stock?

ETFs with the largest weight of Varonis Systems (NASDAQ:VRNS) stock in their portfolio include Global X Cybersecurity ETF (BUG) , WisdomTree Cybersecurity Fund (WCBR) , iShares Cybersecurity and Tech ETF (IHAK) , SPDR Kensho Future Security ETF (FITE) , First Trust Nasdaq Cybersecurity ETF (CIBR) , ROBO Global Artificial Intelligence ETF (THNQ) , ETFMG Prime Cyber Security ETF (HACK) and SPDR FactSet Innovative Technology ETF (XITK) .

When did Varonis Systems' stock split?

Varonis Systems shares split before market open on Monday, March 15th 2021. The 3-1 split was announced on Monday, February 8th 2021. The newly created shares were distributed to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What guidance has Varonis Systems issued on next quarter's earnings?

Varonis Systems issued an update on its fourth quarter earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $0.22-$0.24 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $150-$154 million, compared to the consensus revenue estimate of $151.96 million.

What is Yaki Faitelson's approval rating as Varonis Systems' CEO?

332 employees have rated Varonis Systems Chief Executive Officer Yaki Faitelson on Glassdoor.com . Yaki Faitelson has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Varonis Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Varonis Systems investors own include Block (SQ) , Okta (OKTA) , NVIDIA (NVDA) , Shopify (SHOP) , Netflix (NFLX) , Alibaba Group (BABA) , PayPal (PYPL) , Walt Disney (DIS) , Tesla (TSLA) and Arista Networks (ANET) .

Who are Varonis Systems' major shareholders?

Varonis Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (3.35%), Cadian Capital Management LP (3.28%), William Blair Investment Management LLC (2.99%), RGM Capital LLC (1.70%), Jacobs Levy Equity Management Inc. (1.38%) and Loomis Sayles & Co. L P (1.31%). Insiders that own company stock include Avrohom J Kess , David Bass , Den Bosch Fred Van , Dov Gottlieb , Gilad Raz , Gili Iohan , Guy Melamed , James O'boyle , Kevin E Comolli , Ofer Segev , Thomas F Mendoza and Yakov Faitelson . View institutional ownership trends .

How do I buy shares of Varonis Systems?

Shares of VRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Varonis Systems Stock Price, News & Analysis (NASDAQ:VRNS)

$43.62

+0.12 (+0.28%)

(As of 12/8/2023 ET)

Compare

Today's Range: $43.00
▼
$43.67
50-Day Range: $29.82
▼
$44.42
52-Week Range: $20.27
▼
$45.03

Volume: 1.02 million shs
Average Volume: 1.37 million shs
Market Capitalization: $4.75 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $37.38

Varonis Systems MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.53 Rating Score
Upside/Downside: 14.3% Downside
$37.38 Price Target
Short Interest: Bearish
5.92% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.87
Upright™ Environmental Score
News Sentiment: 0.72
Based on 7 Articles This Week
Insider Trading: Selling Shares
$4.95 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.86) to ($0.83) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Computer And Technology Sector

377th out of 586 stocks

Prepackaged Software Industry

119th out of 198 stocks

2.3

Analyst's Opinion

Consensus Rating
Varonis Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.53, and is based on 9 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.38, Varonis Systems has a forecasted downside of 14.3% from its current price of $43.62.
Amount of Analyst Coverage
Varonis Systems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
5.92% of the outstanding shares of Varonis Systems have been sold short.
Short Interest Ratio / Days to Cover
Varonis Systems has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in Varonis Systems has recently increased by 6.97%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Varonis Systems does not currently pay a dividend.
Dividend Growth
Varonis Systems does not have a long track record of dividend growth.

4.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Varonis Systems has received a 56.10% net impact score from Upright. Varonis Systems seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Societal stability & understanding among people". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Data privacy tracking and control software", "Cloud security software", and "Intrusion detection software" products. See details.
Environmental Sustainability
The Environmental Impact score for Varonis Systems is -0.87.

3.7

News and Social Media Coverage

News Sentiment
Varonis Systems has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Varonis Systems this week, compared to 3 articles on an average week.
Search Interest
9 people have searched for VRNS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
8 people have added Varonis Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Varonis Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,950,000.00 in company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Varonis Systems is held by insiders.
Percentage Held by Institutions
92.47% of the stock of Varonis Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Varonis Systems are expected to grow in the coming year, from ($0.86) to ($0.83) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Varonis Systems is -43.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Varonis Systems is -43.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Varonis Systems has a P/B Ratio of 9.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Varonis Systems Stock (NASDAQ:VRNS)

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; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is based in New York, New York.

VRNS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VRNS Stock News Headlines

November 20, 2023 | marketbeat.com

2 stocks that under-promised and over-delivered on their earnings (VRNS)

Companies that under-promise and over-deliver are a joy for shareholders and analysts alike; here are two stocks to consider after their recent earnings reports

December 8, 2023 | morningstar.com

Varonis Systems Inc VRNS

December 10, 2023 | Autonomix (Ad)

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December 7, 2023 | finance.yahoo.com

Varonis Adds PCI DSS and HIPAA Compliance to its Growing List of Certifications

December 5, 2023 | finance.yahoo.com

Varonis Expands DSPM Capabilities With Deeper Azure and AWS Support

December 5, 2023 | americanbankingnews.com

Varonis Systems (NASDAQ:VRNS) Price Target Raised to $52.00 at Royal Bank of Canada

December 5, 2023 | americanbankingnews.com

Varonis Systems (NASDAQ:VRNS) Hits New 12-Month High After Analyst Upgrade

December 4, 2023 | markets.businessinsider.com

9 Analysts Have This to Say About Varonis Systems

December 10, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

December 2, 2023 | finance.yahoo.com

Estimating The Fair Value Of Varonis Systems, Inc. (NASDAQ:VRNS)

November 28, 2023 | finance.yahoo.com

Varonis Returns to Black Hat Europe 2023: Prevent AI Data Exposure, Play Capture the Flag, and Strengthen Your DSPM

November 23, 2023 | seekingalpha.com

Varonis Systems: SaaS Model Transition Progressing Well; Buy

November 22, 2023 | msn.com

Chart of the Day: Varonis Systems - Who Knows???

November 14, 2023 | finance.yahoo.com

Varonis Adds Generative AI Capabilities to Leading Data Security Platform With Launch of Athena AI

November 7, 2023 | finance.yahoo.com

What Makes Varonis Systems (VRNS) a Strong Momentum Stock: Buy Now?

November 7, 2023 | finance.yahoo.com

Varonis Expands Microsoft Exchange Online Protection to Prevent Sensitive Email Exposure

November 5, 2023 | finance.yahoo.com

Varonis Systems (NASDAQ:VRNS) shareholder returns have been splendid, earning 115% in 1 year

November 4, 2023 | finance.yahoo.com

EVP Engineering & CTO David Bass Sells 150,000 Shares of Varonis Systems Inc (VRNS)

November 2, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Qualys and Varonis Systems

November 1, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Freshworks (FRSH), Varonis Systems (VRNS) and Shutterstock (SSTK)

November 1, 2023 | markets.businessinsider.com

Hold Rating Maintained on Varonis Systems Amid SaaS Success and Anticipated ARR Growth

November 1, 2023 | msn.com

Stephens & Co. Maintains Varonis Systems (VRNS) Overweight Recommendation

October 31, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Check Point (CHKP), Varonis Systems (VRNS) and JFrog (FROG)

October 31, 2023 | msn.com

Wedbush Maintains Varonis Systems (VRNS) Neutral Recommendation

October 31, 2023 | msn.com

Varonis Systems (VRNS) Price Target Increased by 5.41% to 37.36

October 31, 2023 | finance.yahoo.com

Varonis Systems, Inc. (NASDAQ:VRNS) Q3 2023 Earnings Call Transcript

October 31, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Western Digital (WDC) and Varonis Systems (VRNS)

See More Headlines

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Company Calendar

Last Earnings: 10/30/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:VRNS
CUSIP: N/A
CIK: 1361113
Web: www.varonis.com
Phone: (877) 292-8767
Fax: 212-695-7010
Employees: 2,143
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $37.38
High Stock Price Target: $63.00
Low Stock Price Target: $26.00
Potential Upside/Downside: -14.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.53
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-124,520,000.00
Net Margins: -22.71%
Pretax Margin: -19.03%
Return on Equity: -22.29%
Return on Assets: -10.29%

Debt

Debt-to-Equity Ratio: 0.56
Current Ratio: 2.57
Quick Ratio: 2.57

Sales & Book Value

Annual Sales: $473.63 million
Price / Sales: 10.03
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.56 per share
Price / Book: 9.57

Miscellaneous

Outstanding Shares: 108,950,000
Free Float: 106,338,000
Market Cap: $4.75 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Yakov Faitelson (Age 48)
Co-Founder, Chairman, CEO & President
Comp: $830.8k
Mr. Ohad Korkus (Age 44)
Co-Founder & Independent Director
Comp: $37.5k
Mr. Guy Melamed (Age 43)
CFO & COO
Comp: $561.78k
Mr. David Bass (Age 45)
Executive VP of Engineering & CTO
Comp: $425.85k
Mr. Dov Gottlieb (Age 47)
VP, General Counsel & Corporate Secretary
Comp: $662.2k
Mr. James O'Boyle (Age 59)
Senior Vice President of Worldwide Sales
Comp: $694.88k
Mr. Gilad Raz (Age 47)
Chief Information Officer & VP of Technical Services
Comp: $401.42k
Mr. Tim Perz CPA
Director of Investor Relations
Mr. Rob Sobers
Chief Marketing Officer
Ms. Dana Shahar-Gara (Age 49)
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRNS Stock Analysis - Frequently Asked Questions

Should I buy or sell Varonis Systems stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Varonis Systems in the last year. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VRNS shares.
View VRNS analyst ratings or view top-rated stocks.
What is Varonis Systems' stock price target for 2024?: 17 brokers have issued 12-month price targets for Varonis Systems' stock. Their VRNS share price targets range from $26.00 to $63.00. On average, they anticipate the company's stock price to reach $37.38 in the next twelve months. This suggests that the stock has a possible downside of 14.3%.
View analysts price targets for VRNS or view top-rated stocks among Wall Street analysts.
How have VRNS shares performed in 2023?: Varonis Systems' stock was trading at $23.94 at the beginning of 2023. Since then, VRNS stock has increased by 82.2% and is now trading at $43.62.
View the best growth stocks for 2023 here.
When is Varonis Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our VRNS earnings forecast.
How were Varonis Systems' earnings last quarter?: Varonis Systems, Inc. (NASDAQ:VRNS) announced its quarterly earnings data on Monday, October, 30th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.05. The technology company had revenue of $122.31 million for the quarter, compared to analysts' expectations of $125.75 million. Varonis Systems had a negative net margin of 22.71% and a negative trailing twelve-month return on equity of 22.29%.
What ETFs hold Varonis Systems' stock?: ETFs with the largest weight of Varonis Systems (NASDAQ:VRNS) stock in their portfolio include Global X Cybersecurity ETF (BUG), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), SPDR Kensho Future Security ETF (FITE), First Trust Nasdaq Cybersecurity ETF (CIBR), ROBO Global Artificial Intelligence ETF (THNQ), ETFMG Prime Cyber Security ETF (HACK) and SPDR FactSet Innovative Technology ETF (XITK).

When did Varonis Systems' stock split?: Varonis Systems shares split before market open on Monday, March 15th 2021. The 3-1 split was announced on Monday, February 8th 2021. The newly created shares were distributed to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.
What guidance has Varonis Systems issued on next quarter's earnings?: Varonis Systems issued an update on its fourth quarter earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $0.22-$0.24 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $150-$154 million, compared to the consensus revenue estimate of $151.96 million.
What is Yaki Faitelson's approval rating as Varonis Systems' CEO?: 332 employees have rated Varonis Systems Chief Executive Officer Yaki Faitelson on Glassdoor.com. Yaki Faitelson has an approval rating of 85% among the company's employees.
What other stocks do shareholders of Varonis Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Varonis Systems investors own include Block (SQ), Okta (OKTA), NVIDIA (NVDA), Shopify (SHOP), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Walt Disney (DIS), Tesla (TSLA) and Arista Networks (ANET).
Who are Varonis Systems' major shareholders?: Varonis Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (3.35%), Cadian Capital Management LP (3.28%), William Blair Investment Management LLC (2.99%), RGM Capital LLC (1.70%), Jacobs Levy Equity Management Inc. (1.38%) and Loomis Sayles & Co. L P (1.31%). Insiders that own company stock include Avrohom J Kess, David Bass, Den Bosch Fred Van, Dov Gottlieb, Gilad Raz, Gili Iohan, Guy Melamed, James O'boyle, Kevin E Comolli, Ofer Segev, Thomas F Mendoza and Yakov Faitelson.
View institutional ownership trends.
How do I buy shares of Varonis Systems?: Shares of VRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:VRNS) was last updated on 12/10/2023 by MarketBeat.com Staff

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