Varonis Systems (NASDAQ:VRNS) Given New $70.00 Price Target at JPMorgan Chase & Co.

Varonis Systems (NASDAQ:VRNS) had its price target boosted by JPMorgan Chase & Co. from $61.00 to $70.00 in a report issued on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

Several other research analysts also recently issued reports on VRNS. Royal Bank Of Canada restated an “outperform” rating and set a $64.00 price objective on shares of Varonis Systems in a research report on Wednesday, September 3rd. Citigroup lifted their price objective on Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Varonis Systems in a research note on Tuesday, July 22nd. Morgan Stanley lifted their target price on shares of Varonis Systems from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, UBS Group lifted their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.12.

Varonis Systems Trading Down 0.3%

Shares of Varonis Systems stock opened at $58.11 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. Varonis Systems has a 1 year low of $36.53 and a 1 year high of $60.58. The company has a market capitalization of $6.51 billion, a P/E ratio of -63.16 and a beta of 0.67. The business has a 50 day moving average price of $56.31 and a 200 day moving average price of $49.08.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. During the same period in the previous year, the firm posted $0.05 EPS. The company’s quarterly 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. Sell-side analysts anticipate that Varonis Systems will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other news, CFO Guy Melamed sold 1,500 shares of the business’s stock in a transaction 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 directly owned 412,105 shares of the company’s stock, valued at $24,557,336.95. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Den Bosch Fred Van sold 3,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock valued at $6,429,405 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Varonis Systems

A number of institutional investors have recently added to or reduced their stakes in VRNS. Bessemer Group Inc. boosted its position in Varonis Systems by 179.1% during 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 period. Quarry LP boosted its position in Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 940 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Varonis Systems during the 1st quarter worth $69,000. Finally, NBC Securities Inc. boosted its position in Varonis Systems by 100,200.0% during the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company’s stock worth $81,000 after purchasing an additional 2,004 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

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.