Truist Financial Reaffirms “Buy” Rating for Varonis Systems (NASDAQ:VRNS)

Varonis Systems (NASDAQ:VRNS)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a report issued on Wednesday,Benzinga reports. They presently have a $50.00 price target on the technology company’s stock, down from their prior price target of $70.00. Truist Financial’s price objective suggests a potential upside of 42.86% from the stock’s previous close.

VRNS has been the topic of a number of other reports. Morgan Stanley upped their price objective on Varonis Systems from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Robert W. Baird upped their target price on Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 target price on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, Zacks Research cut Varonis Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Sixteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.74.

Varonis Systems Trading Up 8.2%

Shares of VRNS stock 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 debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $58.16 and its two-hundred day simple moving average is $52.42. The company has a market cap of $3.92 billion, a PE ratio of -34.31 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The business had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue 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. Research analysts predict that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Transactions at Varonis Systems

In related news, CFO Guy Melamed sold 42,705 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $57.72, for a total value of $2,464,932.60. Following the transaction, the chief financial officer owned 427,897 shares of the company’s stock, valued at $24,698,214.84. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 58,497 shares of company stock valued at $3,405,081 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VRNS. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $270,000 after purchasing an additional 2,031 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $352,000 after purchasing an additional 1,323 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Varonis Systems by 161.5% in the first quarter. Teacher Retirement System of Texas now owns 16,440 shares of the technology company’s stock worth $665,000 after purchasing an additional 10,152 shares in the last quarter. Moody Aldrich Partners LLC grew its stake in Varonis Systems by 48.7% in the first quarter. Moody Aldrich Partners LLC now owns 138,137 shares of the technology company’s stock worth $5,588,000 after purchasing an additional 45,240 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Varonis Systems by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 515,939 shares of the technology company’s stock worth $20,870,000 after purchasing an additional 25,512 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.