Citigroup Has Lowered Expectations for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its price objective reduced by research analysts at Citigroup from $58.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective indicates a potential upside of 13.15% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada decreased their price target on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Wells Fargo & Company raised Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Needham & Company LLC cut their price objective on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Baird R W cut shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $59.79.

Varonis Systems Stock Down 2.0%

VRNS stock opened at $35.35 on Monday. The company’s 50 day moving average price is $56.80 and its 200 day moving average price is $52.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. Varonis Systems has a fifty-two week low of $32.02 and a fifty-two week high of $63.90. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of -34.66 and a beta of 0.64.

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

Insiders Place Their Bets

In other Varonis Systems news, 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 sale, the chief financial officer owned 412,105 shares of the company’s stock, valued at approximately $24,557,336.95. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 58,497 shares of company stock worth $3,405,081 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Varonis Systems

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. increased 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 acquiring an additional 317 shares during the period. Quarry LP increased its holdings in shares of 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 acquiring an additional 261 shares during the period. First Horizon Corp acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $45,000. Westside Investment Management Inc. increased its position in Varonis Systems by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock valued at $49,000 after acquiring an additional 422 shares during the period. Finally, Farther Finance Advisors LLC increased 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 during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

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.