Varonis Systems (VRNS)

• Market cap: $4.79B
• 1 day: 0.05%
• 5 days: 2.81%
• 1 month: 5.91%
• 3 months: -4.67%
• 6 months: -18.37%
• Year to date: -3.38%
• 1 year: -2.08%
• 5 years: 91.68%
• 10 years: 347.18%
• Sector: Technology
• Industry: Software - Infrastructure

About: Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.

Employees: 2,406

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

787% more call options, than puts

Call options by funds: $91.9M | Put options by funds: $10.4M

36% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 97

35% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 52

4.8% more ownership

Funds ownership: 98.55% [Q3] → 103.34% (+4.8%) [Q4]

4% more funds holding

Funds holding: 331 [Q3] → 344 (+13) [Q4]

17% less capital invested

Capital invested by funds: $6.24B [Q3] → $5.16B (-$1.08B) [Q4]

90% less funds holding in top 10

Funds holding in top 10: 10 [Q3] → 1 (-9) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 5% upside
• Avg. target: $50 17% upside
• High target: $67 56% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

JP Morgan Brian Essex 57% 1-year accuracy 20 / 35 met price target	5% upside $45	Overweight Maintained	28 Apr 2025
Morgan Stanley Hamza Fodderwala 67% 1-year accuracy 20 / 30 met price target	7% upside $46	Overweight Maintained	16 Apr 2025
Barclays Saket Kalia 60% 1-year accuracy 34 / 57 met price target	21% upside $52	Overweight Maintained	14 Apr 2025
Jefferies Joseph Gallo 62% 1-year accuracy 13 / 21 met price target	5% upside $45	Hold Maintained	31 Mar 2025
Wells Fargo Andrew Nowinski 47% 1-year accuracy 17 / 36 met price target	7% upside $46	Equal-Weight Maintained	5 Feb 2025