Varonis Systems, Inc. (NASDAQ:VRNS) Short Interest Update

Varonis Systems, Inc. (NASDAQ:VRNS) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,760,000 shares, a drop of 39.9% from the August 15th total of 9,580,000 shares. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is currently 3.8 days. Approximately 5.3% of the company’s shares are short sold. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is currently 3.8 days.

Varonis Systems Stock Performance

Shares of VRNS opened at $56.20 on Monday. The company has a market capitalization of $6.30 billion, a PE ratio of -61.09 and a beta of 0.67. Varonis Systems has a one year low of $36.53 and a one year high of $60.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The company’s fifty day moving average price is $55.23 and its 200 day moving average price is $48.29.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. 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, analysts expect that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Guy Melamed sold 51,889 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were 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 approximately $25,930,170.20. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 of the company’s stock, valued at $7,086,923.28. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,386 shares of company stock valued at $6,429,405 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. 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 worth $44,000 after acquiring an additional 261 shares during the period. Mutual of America Capital Management LLC grew its position in Varonis Systems by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company’s stock worth $3,449,000 after purchasing an additional 284 shares during the last quarter. Teza Capital Management LLC grew its position in Varonis Systems by 3.1% in the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company’s stock worth $437,000 after purchasing an additional 299 shares during the last quarter. Bessemer Group Inc. grew its position in Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after purchasing an additional 317 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in Varonis Systems by 5.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock worth $340,000 after purchasing an additional 351 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

VRNS has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Wells Fargo & Company raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $51.00 to $70.00 in a research note on Monday, August 11th. B. Riley started coverage on shares of Varonis Systems in a research note on Tuesday, August 26th. They set a “buy” rating and a $80.00 target price for the company. Robert W. Baird lifted their target price on shares of Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $64.00 target price on shares of Varonis Systems in a research note on Wednesday, September 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.65.

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.