Varonis Systems’ (VRNS) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Varonis Systems (NASDAQ:VRNS) in a research report sent to investors on Friday,Weiss Ratings reports.

VRNS has been the topic of a number of other research reports. Wells Fargo & Company upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $51.00 to $70.00 in a research report on Monday, August 11th. TD Cowen boosted their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Cantor Fitzgerald boosted their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird boosted their price objective on shares of Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $64.00 price objective on shares of Varonis Systems in a research report on Wednesday, September 3rd. Fifteen investment 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. Based on data from MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and an average target price of $64.94.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $62.30 on Friday. The stock has a market cap of $6.98 billion, a PE ratio of -67.72 and a beta of 0.64. The company’s fifty day moving average is $58.97 and its 200 day moving average is $52.30. Varonis Systems has a 52 week low of $36.53 and a 52 week high of $63.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32.

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

Insider Activity

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

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. purchased a new stake in Varonis Systems in the first quarter worth about $346,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock worth $352,000 after purchasing an additional 1,323 shares during the period. Stephens Investment Management Group LLC grew its holdings in Varonis Systems by 14.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company’s stock worth $64,904,000 after purchasing an additional 205,781 shares during the period. Penserra Capital Management LLC grew its holdings in Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock worth $62,376,000 after purchasing an additional 529,182 shares during the period. Finally, Advantage Alpha Capital Partners LP grew its holdings in Varonis Systems by 69.3% in the first quarter. Advantage Alpha Capital Partners LP now owns 153,854 shares of the technology company’s stock worth $6,223,000 after purchasing an additional 62,973 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.