TD Cowen Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its price target upped by TD Cowen from $62.00 to $68.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Jefferies Financial Group raised Varonis Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price target on shares of Varonis Systems in a research report on Tuesday, July 22nd. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Varonis Systems in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.39.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $60.38 on Friday. 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 fifty-two week low of $36.53 and a fifty-two week high of $63.90. The stock has a 50 day moving average price of $58.48 and a two-hundred day moving average price of $51.35. The company has a market capitalization of $6.77 billion, a P/E ratio of -65.63 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The company had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.80 million. During the same period in the prior year, the business posted $0.05 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Analysts expect that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the transaction, the director directly owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guy Melamed sold 51,889 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the sale, the chief financial officer directly owned 470,602 shares of the company’s stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Varonis Systems

A number of institutional investors and hedge funds have recently modified their holdings of VRNS. Norges Bank bought a new stake in Varonis Systems in the 2nd quarter worth about $65,161,000. Voya Investment Management LLC grew 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 worth $93,897,000 after acquiring an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. grew 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 acquiring an additional 848,408 shares during the period. RGM Capital LLC grew its position in Varonis Systems by 45.5% in the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after purchasing an additional 846,475 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Varonis Systems by 319.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after purchasing an additional 740,114 shares during the period. Institutional investors 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.