Varonis Systems (NASDAQ:VRNS) Price Target Raised to $70.00 at UBS Group

Varonis Systems (NASDAQ:VRNS) had its price target lifted by UBS Group from $65.00 to $70.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also commented on VRNS. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Susquehanna raised their target price on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Citigroup increased their price objective on Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price objective on shares of Varonis Systems in a research report on Tuesday, July 22nd. Finally, B. Riley started coverage on Varonis Systems in a research note on Tuesday, August 26th. They set a “buy” rating and a $80.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.41.

Varonis Systems Trading Down 0.4%

Shares of VRNS opened at $59.30 on Monday. The business’s 50-day moving average price is $56.78 and its 200 day moving average price is $49.62. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $6.64 billion, a P/E ratio of -64.46 and a beta of 0.67. Varonis Systems has a 1-year low of $36.53 and a 1-year high of $60.58.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $152.16 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Analysts expect that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $59.59, for a total transaction of $89,385.00. Following the transaction, the chief financial officer directly owned 412,105 shares in the company, valued at $24,557,336.95. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in Varonis Systems by 179.1% during the second 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 raised its position in shares of Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Varonis Systems by 344.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after buying an additional 940 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Varonis Systems in the first quarter worth $69,000. Finally, Evelyn Partners Investment Management LLP boosted its holdings in shares of Varonis Systems by 13,746.2% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,800 shares of the technology company’s stock worth $91,000 after buying an additional 1,787 shares during the period. 95.65% of the stock is owned by 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.