Royal Bank Of Canada Lowers Varonis Systems (NASDAQ:VRNS) Price Target to $60.00

Varonis Systems (NASDAQ:VRNS) had its price target cut by investment analysts at Royal Bank Of Canada from $72.00 to $60.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 71.43% from the stock’s previous close.

Several other research firms also recently commented on VRNS. UBS Group cut their target price on Varonis Systems from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. TD Cowen lifted their price objective on Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson lifted their price objective on Varonis Systems from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Needham & Company LLC cut their price objective on Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.74.

Varonis Systems Price Performance

Shares of NASDAQ: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 firm has a market capitalization of $3.92 billion, a PE ratio of -34.31 and a beta of 0.64. The business’s 50 day moving average is $58.16 and its 200-day moving average is $52.42. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The company had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. During the same quarter last year, the firm earned $0.10 EPS. Varonis Systems’s revenue for the quarter was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Sell-side analysts predict that Varonis Systems will post -0.83 earnings per share for the current 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 stock was 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 $24,557,336.95. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 58,497 shares of company stock worth $3,405,081 in the last ninety days. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio raised its position in shares of Varonis Systems by 130.6% during the third quarter. Strs Ohio now owns 25,600 shares of the technology company’s stock worth $1,471,000 after acquiring an additional 14,500 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Varonis Systems by 2.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 555,882 shares of the technology company’s stock worth $31,947,000 after acquiring an additional 12,900 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Varonis Systems by 59.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,914 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 6,332 shares during the last quarter. Eagle Global Advisors LLC raised its position in shares of Varonis Systems by 45.5% during the third quarter. Eagle Global Advisors LLC now owns 67,200 shares of the technology company’s stock worth $3,862,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Varonis Systems by 1.9% during the third quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock worth $523,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

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.