Varonis Systems, Inc. (NASDAQ:VRNS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $59.25.

A number of equities analysts have recently issued reports on the company. Susquehanna upped their price objective on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a report on Wednesday, July 30th. Citigroup upped their price objective on Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $65.00 in a report on Thursday, July 24th. UBS Group upped their price objective on Varonis Systems from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their price objective on Varonis Systems from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th.

Varonis Systems Price Performance

Varonis Systems stock opened at $58.27 on Thursday. Varonis Systems has a 52 week low of $36.53 and a 52 week high of $60.58. The business has a 50-day simple moving average of $52.68 and a 200 day simple moving average of $46.55. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of -63.34 and a beta of 0.71.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The business had revenue of $152.16 million during the quarter, compared to analysts’ expectations of $147.80 million. During the same period in the previous year, the business earned $0.05 earnings per share. 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. On average, research analysts forecast that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the sale, the director directly owned 131,666 shares in the company, valued at $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Guy Melamed sold 51,889 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,594 shares of company stock valued at $5,789,257 over the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Varonis Systems

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 848,408 shares during the period. First Trust Advisors LP boosted its holdings in Varonis Systems by 5.5% during 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 period. RGM Capital LLC boosted its holdings in Varonis Systems by 45.5% during the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock valued at $109,479,000 after acquiring an additional 846,475 shares during the period. Geode Capital Management LLC boosted its holdings in Varonis Systems by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock valued at $135,537,000 after acquiring an additional 7,342 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Varonis Systems by 98.6% during the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after acquiring an additional 1,152,687 shares during the period. 95.65% of the stock is currently owned by hedge funds and other 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.