Varonis Systems (NASDAQ:VRNS) Price Target Cut to $60.00 by Analysts at Royal Bank Of Canada

Varonis Systems (NASDAQ:VRNS) had its target price lowered by Royal Bank Of Canada from $72.00 to $60.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research analysts have also recently commented on VRNS. Zacks Research cut Varonis Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. TD Cowen increased their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Morgan Stanley raised their target price 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. Wells Fargo & Company raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Finally, Citigroup increased 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. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.74.

Varonis Systems Stock Down 48.7%

NASDAQ VRNS opened at $32.34 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -31.71 and a beta of 0.64. The company has a 50 day moving average of $58.63 and a 200-day moving average of $52.54. Varonis Systems has a 1-year low of $32.02 and a 1-year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, equities research analysts expect that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the company’s 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 directly owned 128,666 shares in the company, valued at $7,086,923.28. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Guy Melamed sold 1,500 shares of the firm’s 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 in the company, valued at $24,557,336.95. This represents a 0.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,386 shares of company stock worth $6,429,405 over the last ninety days. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Varonis Systems

A number of institutional investors and hedge funds have recently bought and sold shares of VRNS. Bessemer Group Inc. boosted its stake in shares of Varonis Systems by 179.1% during the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Quarry LP raised its holdings in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after buying an additional 261 shares during the last quarter. First Horizon Corp bought a new position in Varonis Systems in the 3rd quarter valued at approximately $45,000. Farther Finance Advisors LLC boosted its position in Varonis Systems by 1,062.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,058 shares of the technology company’s stock worth $61,000 after buying an additional 967 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Varonis Systems by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after acquiring an additional 940 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

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.