UBS Group Issues Pessimistic Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its price objective cut by equities researchers at UBS Group from $70.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 71.43% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC reduced their price target on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup increased their price target on shares of Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Jefferies Financial Group raised shares of Varonis Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $65.00 in a research report on Thursday, July 24th. Piper Sandler dropped their price objective on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $64.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Sixteen 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, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $60.74.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $35.00 on Wednesday. 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 has a one year low of $32.02 and a one year high of $63.90. The company’s 50-day simple moving average is $58.16 and its 200-day simple moving average is $52.42. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of -34.31 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The business had revenue of $161.58 million for the quarter, compared to analysts’ expectations of $166.47 million. During the same quarter last year, the company 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. Equities analysts anticipate that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Guy Melamed sold 1,500 shares of the 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 sale, the chief financial officer owned 412,105 shares in the company, valued at $24,557,336.95. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 58,497 shares of company stock worth $3,405,081 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Varonis Systems

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake 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 valued at $165,231,000 after purchasing an additional 848,408 shares during the period. First Trust Advisors LP increased its stake in shares of Varonis Systems by 5.5% in the second quarter. First Trust Advisors LP now owns 2,917,391 shares of the technology company’s stock valued at $148,058,000 after purchasing an additional 152,477 shares during the period. RGM Capital LLC increased its stake in shares of Varonis Systems by 45.5% in the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock valued at $109,479,000 after purchasing an additional 846,475 shares during the period. Geode Capital Management LLC increased its stake in shares of Varonis Systems by 0.3% in the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock valued at $135,537,000 after purchasing an additional 7,342 shares during the period. Finally, Voya Investment Management LLC increased its stake 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 valued at $93,897,000 after purchasing an additional 1,152,687 shares during the period. Institutional investors and hedge funds 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.