Varonis Systems (NASDAQ:VRNS) Upgraded to Hold at Zacks Research

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

Several other brokerages also recently weighed in on VRNS. Susquehanna lowered their price objective on Varonis Systems from $65.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, October 29th. Piper Sandler dropped their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Robert W. Baird upped their price target on Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada dropped their price target on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.79.

Varonis Systems Price Performance

NASDAQ VRNS traded down $1.21 on Tuesday, reaching $34.32. 1,887,754 shares of the company’s stock traded hands, compared to its average volume of 1,722,857. The stock has a market cap of $4.05 billion, a PE 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. The stock has a 50-day simple moving average of $54.02 and a 200 day simple moving average of $52.13. 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 released its earnings results on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, research analysts predict that Varonis Systems will post -0.83 earnings per share for the current year.

Insider Activity

In other Varonis Systems news, CFO Guy Melamed sold 10,400 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $59.53, for a total value of $619,112.00. Following the transaction, the chief financial officer directly owned 417,497 shares of the company’s stock, valued at approximately $24,853,596.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, 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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after acquiring an additional 317 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Varonis Systems during the third quarter worth approximately $42,000. Quarry LP raised its position in Varonis Systems by 31.8% during the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. First Horizon Corp purchased a new position in shares of Varonis Systems in the 3rd quarter worth approximately $45,000. Finally, Westside Investment Management Inc. increased its position in shares of Varonis Systems by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock valued at $49,000 after purchasing an additional 422 shares during the last quarter. 95.65% of the stock is 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.