Varonis Systems (NASDAQ:VRNS) Now Covered by Stephens

Stephens began coverage on shares of Varonis Systems (NASDAQ:VRNS) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $40.00 price objective on the technology company’s stock.

VRNS has been the topic of several other research reports. DA Davidson reduced their price target on shares of Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Baird R W downgraded Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $58.80.

Varonis Systems Stock Down 0.7%

Shares of Varonis Systems stock opened at $33.10 on Tuesday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -32.45 and a beta of 0.64. Varonis Systems has a 1 year low of $30.02 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s 50-day moving average is $36.13 and its two-hundred day moving average is $48.80.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. 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 firm earned $0.10 EPS. The business’s revenue for the quarter 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, research analysts expect that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VRNS. Vanguard Group Inc. grew its position in Varonis Systems by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock worth $723,855,000 after purchasing an additional 436,462 shares during the period. Goldman Sachs Group Inc. boosted 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 worth $165,231,000 after buying an additional 848,408 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Varonis Systems by 7.9% in the third quarter. First Trust Advisors LP now owns 3,148,243 shares of the technology company’s stock worth $180,930,000 after buying an additional 230,852 shares during the last quarter. Geode Capital Management LLC grew its holdings in Varonis Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock worth $135,537,000 after acquiring an additional 7,342 shares during the period. Finally, Voya Investment Management LLC raised its position in Varonis Systems by 98.6% during 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 acquiring an additional 1,152,687 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.