Varonis Systems, Inc. (NASDAQ:VRNS) Receives $61.65 Consensus Target Price from Analysts

Varonis Systems, Inc. (NASDAQ:VRNS) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $61.6471.

Several equities research analysts have recently commented on VRNS shares. Barclays upped their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.00 to $65.00 in a research note on Thursday, July 24th. Susquehanna upped their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research note on Wednesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $64.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the transaction, the director owned 128,666 shares in the company, valued at approximately $7,086,923.28. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Guy Melamed sold 51,889 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the transaction, the chief financial officer owned 470,602 shares of the company’s stock, valued at $25,930,170.20. The trade was a 9.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,386 shares of company stock valued at $6,429,405 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VRNS. Captrust Financial Advisors raised its position in Varonis Systems by 66.6% in the fourth quarter. Captrust Financial Advisors now owns 13,765 shares of the technology company’s stock worth $612,000 after acquiring an additional 5,502 shares in the last quarter. Deutsche Bank AG increased its position in shares of Varonis Systems by 97.7% in the fourth quarter. Deutsche Bank AG now owns 1,338,452 shares of the technology company’s stock valued at $59,467,000 after buying an additional 661,436 shares in the last quarter. Ensign Peak Advisors Inc increased its position in shares of Varonis Systems by 11.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 51,230 shares of the technology company’s stock valued at $2,276,000 after buying an additional 5,419 shares in the last quarter. Graham Capital Management L.P. increased its position in shares of Varonis Systems by 207.3% in the fourth quarter. Graham Capital Management L.P. now owns 31,894 shares of the technology company’s stock valued at $1,417,000 after buying an additional 21,514 shares in the last quarter. Finally, Occudo Quantitative Strategies LP increased its position in shares of Varonis Systems by 5.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 10,871 shares of the technology company’s stock valued at $483,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Price Performance

VRNS stock opened at $56.20 on Monday. The company has a market capitalization of $6.30 billion, a P/E ratio of -61.09 and a beta of 0.67. Varonis Systems has a twelve month low of $36.53 and a twelve month high of $60.58. The business has a 50 day simple moving average of $55.23 and a 200-day simple moving average of $48.21. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating 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 the consensus estimate of $147.80 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, equities analysts anticipate that Varonis Systems will post -0.83 EPS for the current year.

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.