Key Points
- Varonis director Rachel Prishkolnik bought 1,015 shares at $25.72 each for about $26,106, increasing her stake by 3.08% to 33,953 shares.
- The company reported quarterly EPS of $0.09, beating the $0.03 consensus, while revenue of $189.46 million topped expectations and rose 17.3% year over year.
- Analyst sentiment is mixed but averages to a Hold: several firms cut ratings or price targets, while the average target is $50.39.
Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) Director Rachel Prishkolnik acquired 1,015 shares of the business's stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $25.72 per share, for a total transaction of $26,105.80. Following the transaction, the director owned 33,953 shares of the company's stock, valued at approximately $873,271.16. The trade was a 3.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Varonis Systems Price Performance
Shares of NASDAQ:VRNS opened at $48.73 on Friday. The company has a market capitalization of $5.60 billion, a P/E ratio of -36.64 and a beta of 0.76. The company's 50-day moving average is $47.53 and its 200 day moving average is $35.86. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $50.31.
Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $189.46 million during the quarter, compared to the consensus estimate of $186.74 million. Varonis Systems had a negative net margin of 21.38% and a negative return on equity of 21.47%. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that Varonis Systems, Inc. will post -0.95 earnings per share for the current year.
Varonis Systems News Summary
Here are the key news stories impacting Varonis Systems this week:
- Positive Sentiment: Q3 revenue and adjusted earnings increased, while SaaS annual recurring revenue also rose—supporting the company’s cloud transition and recurring-revenue growth. Article: Varonis Systems stock posts Q3 revenue growth as SaaS ARR rises
- Neutral Sentiment: TD Cowen assigned Varonis a Hold rating, signaling a more cautious, wait-and-see view. Article: Varonis Systems gets a Hold from TD Cowen
- Neutral Sentiment: A director’s reported purchase of 1,015 shares is a modest insider-confidence signal, though the transaction was dated February 19 and the shares were bought at $25.72. SEC Form 4 filing
- Negative Sentiment: Susquehanna downgraded VRNS from Positive to Neutral and cut its target from $55 to $49.75, leaving limited indicated upside at the cited share price. Susquehanna rating information
- Negative Sentiment: Cantor Fitzgerald also reduced its target from $55 to $49.75, despite retaining an Overweight rating. The cut reinforces concerns about valuation after the stock’s strong run. Cantor Fitzgerald rating information
Analyst Ratings Changes
A number of brokerages have issued reports on VRNS. DA Davidson cut shares of Varonis Systems from a "buy" rating to a "neutral" rating and lowered their target price for the company from $55.00 to $49.75 in a report on Friday, October 16th. Wells Fargo & Company cut shares of Varonis Systems from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $53.00 to $49.75 in a research note on Friday, October 16th. Cantor Fitzgerald reduced their price objective on Varonis Systems from $55.00 to $49.75 and set an "overweight" rating on the stock in a research report on Wednesday. UBS Group lifted their target price on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Stephens lowered Varonis Systems from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.39.
Get Our Latest Research Report on Varonis Systems
Institutional Investors Weigh In On Varonis Systems
Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Varonis Systems by 161.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company's stock valued at $29,000 after acquiring an additional 839 shares in the last quarter. Fifth Third Bancorp raised its stake in Varonis Systems by 10,694.1% in the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company's stock worth $39,000 after buying an additional 1,818 shares in the last quarter. Essential Partners LLC raised its stake in Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company's stock worth $44,000 after buying an additional 863 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Varonis Systems in the second quarter worth about $55,000. Finally, Parallel Advisors LLC lifted its holdings in Varonis Systems by 1,025.4% in the first quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company's stock worth $71,000 after buying an additional 3,025 shares during the period. 95.65% of the stock is currently owned by institutional investors.
Varonis Systems Company Profile
(
Get Free Report)
Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.
The company's products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.
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