Varonis Systems (NASDAQ:VRNS) Price Target Cut to $50.00 by Analysts at Susquehanna

Varonis Systems (NASDAQ:VRNS) had its price target trimmed by Susquehanna from $65.00 to $50.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a positive rating on the technology company’s stock.

A number of other analysts have also recently weighed in on VRNS. Zacks Research cut shares of Varonis Systems from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Citigroup lifted their price target on shares of Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, September 3rd. Piper Sandler lowered their price objective on Varonis Systems from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group raised Varonis Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.74.

Varonis Systems Trading Down 48.7%

Shares of NASDAQ:VRNS opened at $32.34 on Wednesday. The company has a market capitalization of $3.62 billion, a PE ratio of -31.71 and a beta of 0.64. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. Varonis Systems has a 12-month low of $32.02 and a 12-month high of $63.90. The business’s fifty day simple moving average is $58.63 and its 200-day simple moving average is $52.54.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share 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 for the quarter, compared to the consensus estimate of $166.47 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, equities research analysts predict that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 51,889 shares of the 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 transaction, the chief financial officer directly owned 470,602 shares of the company’s stock, valued at approximately $25,930,170.20. This 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 is accessible through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems 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 trade represents a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,386 shares of company stock valued at $6,429,405 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Varonis Systems

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Varonis Systems in the 2nd quarter valued at $65,161,000. Voya Investment Management LLC lifted its position in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after purchasing an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. lifted its position in Varonis Systems by 26.2% during 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 purchasing an additional 848,408 shares during the period. RGM Capital LLC grew its position in Varonis Systems by 45.5% during 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% during 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. 95.65% of the stock is owned by hedge funds and other 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.