Varonis Systems (NASDAQ:VRNS) Sets New 52-Week Low – Here’s Why

Varonis Systems, Inc. (NASDAQ:VRNS) reached a new 52-week low on Friday . The stock traded as low as $30.02 and last traded at $30.27, with a volume of 952536 shares trading hands. The stock had previously closed at $31.11.

Analyst Ratings Changes

Several brokerages have recently commented on VRNS. Citigroup decreased their target price on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Zacks Research raised Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wells Fargo & Company upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $70.00 in a report on Monday, August 11th. Susquehanna cut their price objective on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, October 29th. Finally, B. Riley initiated coverage on Varonis Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $80.00 target price for the company. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.79.

Varonis Systems Stock Performance

The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -29.77 and a beta of 0.64. The stock’s 50 day moving average price is $46.03 and its 200 day moving average price is $50.73. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.Varonis Systems’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors and hedge funds have recently made changes to their positions in VRNS. Norges Bank bought a new stake in Varonis Systems during the second quarter worth $65,161,000. Voya Investment Management LLC lifted its position in shares of Varonis Systems by 98.6% during the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after buying an additional 1,152,687 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Varonis Systems by 166.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock valued at $78,159,000 after buying an additional 850,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 valued at $165,231,000 after buying an additional 848,408 shares in the last quarter. Finally, RGM Capital LLC raised its stake in Varonis Systems by 45.5% during the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after acquiring an additional 846,475 shares in the last quarter. Institutional investors and hedge funds 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.