Varonis Systems (VRNS) – Analysts’ Recent Ratings Updates

Varonis Systems (NASDAQ: VRNS) has recently received a number of price target changes and ratings updates:

• 1/17/2025 – Varonis Systems had its price target lowered by analysts at Citigroup Inc. from $57.00 to $46.00. They now have a “neutral” rating on the stock.
• 1/9/2025 – Varonis Systems is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $60.00 price target on the stock.
• 1/6/2025 – Varonis Systems had its price target lowered by analysts at Piper Sandler from $55.00 to $50.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Varonis Systems had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $67.00 price target on the stock.
• 12/19/2024 – Varonis Systems had its price target lowered by analysts at Jefferies Financial Group Inc. from $60.00 to $50.00. They now have a “hold” rating on the stock.
• 12/12/2024 – Varonis Systems had its price target lowered by analysts at DA Davidson from $50.00 to $47.00. They now have a “neutral” rating on the stock.

Varonis Systems Trading Down 1.3 %

Shares of Varonis Systems stock traded down $0.61 on Wednesday, hitting $44.87. 1,502,741 shares of the company’s stock traded hands, compared to its average volume of 1,546,726. Varonis Systems, Inc. has a one year low of $41.13 and a one year high of $60.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The company has a fifty day moving average of $47.27 and a two-hundred day moving average of $51.58. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -59.83 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) EPS. As a group, sell-side analysts expect that Varonis Systems, Inc. will post -0.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the sale, the chief financial officer now directly owns 504,598 shares of the company’s stock, valued at $27,096,912.60. This represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Varonis Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of Varonis Systems by 445.3% during the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after acquiring an additional 423 shares during the last quarter. Pacer Advisors Inc. increased its position in Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock worth $118,000 after buying an additional 603 shares during the last quarter. International Assets Investment Management LLC increased its position in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after buying an additional 2,442 shares during the last quarter. KBC Group NV increased its position in Varonis Systems by 25.5% in the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock worth $184,000 after buying an additional 663 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Varonis Systems in the third quarter worth $184,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

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.