TD Cowen Forecasts Strong Price Appreciation for Varonis Systems (NASDAQ:VRNS) Stock

Varonis Systems (NASDAQ:VRNS) had its price objective raised by TD Cowen from $62.00 to $68.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen’s price objective indicates a potential upside of 12.62% from the company’s previous close.

VRNS has been the topic of several other research reports. JPMorgan Chase & Co. raised their price objective on Varonis Systems from $61.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, September 3rd. Zacks Research downgraded shares of Varonis Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. UBS Group increased their target price on shares of Varonis Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 target price on shares of Varonis Systems in a research note on Tuesday, July 22nd. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.39.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $60.38 on Friday. The stock’s 50-day moving average is $58.48 and its two-hundred day moving average is $51.42. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -65.63 and a beta of 0.64. Varonis Systems has a 1 year low of $36.53 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38.

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. The company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $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 predict that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Guy Melamed sold 1,500 shares of the firm’s stock in a transaction dated 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 owned 412,105 shares of the company’s stock, valued at approximately $24,557,336.95. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds have recently added to or reduced their stakes in VRNS. Wealth Enhancement Advisory Services LLC lifted its position in Varonis Systems by 43.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,681 shares of the technology company’s stock valued at $270,000 after purchasing an additional 2,031 shares during the period. Legacy Advisors LLC increased its holdings in Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company’s stock valued at $853,000 after buying an additional 13,115 shares in the last quarter. AMI Asset Management Corp increased its holdings in Varonis Systems by 68.1% in the first quarter. AMI Asset Management Corp now owns 27,668 shares of the technology company’s stock valued at $1,119,000 after buying an additional 11,212 shares in the last quarter. Diversified Trust Co increased its holdings in Varonis Systems by 62.7% in the first quarter. Diversified Trust Co now owns 24,595 shares of the technology company’s stock valued at $995,000 after buying an additional 9,482 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock valued at $352,000 after buying an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

About Varonis Systems

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.