Varonis Systems (NASDAQ:VRNS) Upgraded at Zacks Research

Zacks Research upgraded shares of Varonis Systems (NASDAQ:VRNS) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on VRNS. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, September 3rd. Royal Bank Of Canada decreased their price target on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $70.00 in a report on Monday, August 11th. Baird R W downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley boosted their target price on shares of Varonis Systems from $59.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Sixteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.79.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $34.32 on Tuesday. 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 company’s fifty day moving average price is $53.60 and its two-hundred day moving average price is $52.00. The firm has a market capitalization of $4.05 billion, a P/E ratio of -33.65 and a beta of 0.62. Varonis Systems has a 12 month low of $32.02 and a 12 month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $166.47 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’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. On average, research analysts anticipate that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Guy Melamed sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 15,792 shares of company stock valued at $940,149. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Varonis Systems

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Varonis Systems by 5.2% during 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 acquiring an additional 25,512 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Varonis Systems by 25.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 40,332 shares of the technology company’s stock valued at $1,631,000 after purchasing an additional 8,136 shares during the period. Cerity Partners LLC grew its position in Varonis Systems by 56.7% in the 1st quarter. Cerity Partners LLC now owns 14,763 shares of the technology company’s stock worth $597,000 after purchasing an additional 5,343 shares during the last quarter. Xponance Inc. increased its stake in shares of Varonis Systems by 6.2% in the first quarter. Xponance Inc. now owns 8,369 shares of the technology company’s stock valued at $339,000 after purchasing an additional 486 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Varonis Systems by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company’s stock valued at $3,449,000 after purchasing an additional 284 shares during the period. 95.65% of the stock is currently owned by institutional investors.

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.