Piper Sandler Lowers Varonis Systems (NASDAQ:VRNS) Price Target to $45.00

Varonis Systems (NASDAQ:VRNS) had its target price dropped by equities researchers at Piper Sandler from $50.00 to $45.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Piper Sandler’s target price points to a potential upside of 28.57% from the stock’s previous close.

VRNS has been the subject of a number of other reports. TD Cowen raised their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wells Fargo & Company upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $51.00 to $70.00 in a research note on Monday, August 11th. Citigroup raised their target price on Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Morgan Stanley lifted their price objective on Varonis Systems from $59.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.74.

Varonis Systems Stock Up 8.2%

VRNS opened at $35.00 on Wednesday. Varonis Systems has a 1-year low of $32.02 and a 1-year high of $63.90. 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 $3.92 billion, a price-to-earnings ratio of -34.31 and a beta of 0.64. The business has a 50 day moving average of $58.16 and a 200-day moving average of $52.42.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The firm had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. During the same period in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, sell-side analysts anticipate that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 1,500 shares of the company’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 owned 412,105 shares in the company, valued at approximately $24,557,336.95. The trade was a 0.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 58,497 shares of company stock worth $3,405,081. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Varonis Systems

Several large investors have recently bought and sold shares of VRNS. Norges Bank bought a new stake in Varonis Systems in the second quarter valued at approximately $65,161,000. Voya Investment Management LLC increased its holdings in shares of Varonis Systems by 98.6% in the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after acquiring an additional 1,152,687 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after acquiring an additional 848,408 shares in the last quarter. RGM Capital LLC increased its position in shares of Varonis Systems by 45.5% during the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after acquiring an additional 846,475 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Varonis Systems by 319.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after purchasing an additional 740,114 shares in the last quarter. Institutional investors 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.