Royal Bank Of Canada Lowers Varonis Systems (NASDAQ:VRNS) Price Target to $41.00

Varonis Systems (NASDAQ:VRNS) had its target price decreased by research analysts at Royal Bank Of Canada from $60.00 to $41.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 23.42% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Stephens began coverage on shares of Varonis Systems in a report on Tuesday, December 30th. They set an “equal weight” rating and a $40.00 target price on the stock. TD Cowen increased their price target on Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Cantor Fitzgerald set a $60.00 price objective on Varonis Systems and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. DA Davidson cut their target price on Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Needham & Company LLC dropped 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. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.70.

Varonis Systems Stock Up 3.7%

Shares of NASDAQ:VRNS traded up $1.18 during midday trading on Monday, reaching $33.22. The company had a trading volume of 283,865 shares, compared to its average volume of 804,063. The stock has a market capitalization of $3.92 billion, a P/E ratio of -32.62 and a beta of 0.56. The stock’s fifty day moving average price is $34.37 and its 200-day moving average price is $48.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems has a one year low of $30.02 and a one year high of $63.90.

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 the consensus estimate of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The company had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Equities research analysts expect that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors and hedge funds have recently bought and sold shares of VRNS. AQR Capital Management LLC grew its holdings in shares of Varonis Systems by 71.8% in the 1st quarter. AQR Capital Management LLC now owns 499,730 shares of the technology company’s stock worth $20,214,000 after acquiring an additional 208,891 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Varonis Systems during the first quarter valued at about $233,000. Goldman Sachs Group Inc. boosted its holdings in shares of Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after buying an additional 848,408 shares during the period. Caxton Associates LLP acquired a new stake in shares of Varonis Systems during the first quarter valued at approximately $200,000. Finally, Woodline Partners LP purchased a new stake in shares of Varonis Systems in the first quarter valued at $8,627,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.