Varonis Systems’ (VRNS) Buy Rating Reaffirmed at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Varonis Systems (NASDAQ:VRNS) in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a $50.00 price objective on the technology company’s stock, down from their prior price objective of $70.00.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen raised their price target on Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, October 17th. Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $65.00 in a report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Varonis Systems in a report on Wednesday, September 3rd. Finally, Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.74.

Varonis Systems Price Performance

Shares of VRNS stock opened at $32.34 on Wednesday. The stock’s fifty day simple moving average is $58.63 and its 200 day simple moving average is $52.54. Varonis Systems has a one year low of $32.02 and a one year high of $63.90. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -31.71 and a beta of 0.64. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38.

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 company had revenue of $161.58 million during the quarter, compared to analysts’ expectations of $166.47 million. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, analysts expect that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the sale, the chief financial officer directly owned 470,602 shares in the company, valued at $25,930,170.20. This trade represents a 9.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. This represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Varonis Systems

Several large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Varonis Systems by 59.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,914 shares of the technology company’s stock valued at $1,014,000 after acquiring an additional 6,332 shares during the last quarter. Eagle Global Advisors LLC lifted its stake in shares of Varonis Systems by 45.5% in the 3rd quarter. Eagle Global Advisors LLC now owns 67,200 shares of the technology company’s stock valued at $3,862,000 after purchasing an additional 21,000 shares during the period. Stephens Inc. AR boosted its position in shares of Varonis Systems by 1.9% in the 3rd quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock worth $523,000 after purchasing an additional 171 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Varonis Systems during the third quarter worth $45,000. Finally, Peregrine Capital Management LLC increased its holdings in Varonis Systems by 6.6% in the third quarter. Peregrine Capital Management LLC now owns 261,046 shares of the technology company’s stock valued at $15,002,000 after purchasing an additional 16,146 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.