Varonis Systems (NASDAQ:VRNS) Earns Equal Weight Rating from Analysts at Stephens

by · The Markets Daily

Stephens initiated coverage on shares of Varonis Systems (NASDAQ:VRNS – Free Report) in a research note published on Tuesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $40.00 target price on the technology company’s stock.

VRNS has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Susquehanna decreased their target price on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, October 29th. Needham & Company LLC dropped their price target on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $50.00 price objective (down previously from $70.00) on shares of Varonis Systems in a research note on Wednesday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.80.

Check Out Our Latest Analysis on Varonis Systems

Varonis Systems Trading Down 0.9%

Shares of NASDAQ:VRNS opened at $32.80 on Tuesday. The firm has a fifty day moving average of $34.97 and a two-hundred day moving average of $48.58. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75. Varonis Systems has a 12-month low of $30.02 and a 12-month high of $63.90. The firm has a market capitalization of $3.87 billion, a P/E ratio of -32.16 and a beta of 0.56.

Varonis Systems (NASDAQ:VRNS – Get Free Report) last announced its quarterly earnings data 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 during 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, equities analysts expect that Varonis Systems will post -0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR lifted its position in shares of Varonis Systems by 1.9% during the third quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock worth $523,000 after purchasing an additional 171 shares in the last quarter. Inspire Investing LLC raised its position in Varonis Systems by 2.9% in the 3rd quarter. Inspire Investing LLC now owns 7,878 shares of the technology company’s stock worth $453,000 after purchasing an additional 222 shares during the last quarter. Quarry LP raised its position in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Arizona State Retirement System lifted its holdings in Varonis Systems by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock worth $1,903,000 after buying an additional 287 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after buying an additional 317 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

About Varonis Systems

(Get Free Report)

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.

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