Brokerages Set Varonis Systems, Inc. (NASDAQ:VRNS) Target Price at $59.79

Varonis Systems, Inc. (NASDAQ:VRNS) has received an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $59.7895.

A number of equities research analysts have commented on the company. Royal Bank Of Canada decreased their price objective on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Piper Sandler lowered their target price on Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Citigroup dropped their target price on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Cantor Fitzgerald set a $60.00 price target on Varonis Systems and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th.

Institutional Investors Weigh In On Varonis Systems

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. lifted its position in shares of Varonis Systems by 179.1% in the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after buying an additional 317 shares during the last quarter. Allworth Financial LP lifted its holdings in Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after purchasing an additional 463 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Varonis Systems during the third quarter worth approximately $42,000. First Horizon Corp bought a new stake in Varonis Systems during the third quarter worth approximately $45,000. Finally, Westside Investment Management Inc. grew its holdings in Varonis Systems by 100.0% during the third 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 currently owned by institutional investors.

Varonis Systems Trading Up 0.3%

NASDAQ:VRNS opened at $33.35 on Wednesday. The stock has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $49.39. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -32.61 and a beta of 0.64. Varonis Systems has a 1-year low of $30.02 and a 1-year high of $63.90.

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

About Varonis Systems

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.