Cantor Fitzgerald Increases Varonis Systems (NASDAQ:VRNS) Price Target to $70.00

Varonis Systems (NASDAQ:VRNS) had its price target hoisted by research analysts at Cantor Fitzgerald from $63.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 12.36% from the stock’s previous close.

A number of other equities research analysts have also issued reports on VRNS. B. Riley initiated coverage on Varonis Systems in a research report on Tuesday, August 26th. They issued a “buy” rating and a $80.00 price target for the company. Zacks Research cut Varonis Systems from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. UBS Group lifted their price target on Varonis Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Morgan Stanley upped their price objective on shares of Varonis Systems from $59.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group raised shares of Varonis Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $65.00 in a research note on Thursday, July 24th. Fifteen equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.94.

Varonis Systems Trading Down 0.0%

Shares of VRNS opened at $62.30 on Friday. The firm’s fifty day moving average is $58.97 and its two-hundred day moving average is $52.23. The stock has a market cap of $6.98 billion, a PE ratio of -67.72 and a beta of 0.64. 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) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same period in the previous year, the business posted $0.05 earnings per share. Varonis Systems’s quarterly 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. 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 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 128,666 shares of the company’s stock, valued at approximately $7,086,923.28. This trade 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 1,500 shares of Varonis Systems stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $59.59, for a total transaction of $89,385.00. Following the completion of the sale, the chief financial officer owned 412,105 shares of the company’s stock, valued at $24,557,336.95. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,386 shares of company stock valued at $6,429,405. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after buying an additional 317 shares during the period. Farther Finance Advisors LLC grew its position in Varonis Systems by 1,062.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,058 shares of the technology company’s stock valued at $61,000 after acquiring an additional 967 shares in the last quarter. Quarry LP increased its stake in Varonis Systems by 31.8% during 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 period. EverSource Wealth Advisors LLC increased its stake in Varonis Systems by 344.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after purchasing an additional 940 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Varonis Systems during the first quarter worth about $69,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

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.