Fintel reports that on January 9, 2025, Cantor Fitzgerald initiated coverage of Varonis Systems (NasdaqGS:VRNS) with a Overweight recommendation.
Analyst Price Forecast Suggests 38.12% Upside
As of December 23, 2024, the average one-year price target for Varonis Systems is $61.10/share. The forecasts range from a low of $38.50 to a high of $73.50. The average price target represents an increase of 38.12% from its latest reported closing price of $44.24 / share.
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The projected annual revenue for Varonis Systems is 635MM, an increase of 16.21%. The projected annual non-GAAP EPS is 0.47.
What is the Fund Sentiment?
There are 737 funds or institutions reporting positions in Varonis Systems. This is an increase of 48 owner(s) or 6.97% in the last quarter. Average portfolio weight of all funds dedicated to VRNS is 0.43%, an increase of 3.59%. Total shares owned by institutions increased in the last three months by 4.92% to 145,401K shares. 
The put/call ratio of VRNS is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,401K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 3,396K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in VRNS by 10.81% over the last quarter.
Macquarie Group holds 3,229K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 3,299K shares , representing a decrease of 2.17%. The firm decreased its portfolio allocation in VRNS by 20.47% over the last quarter.
Clearbridge Investments holds 3,043K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 3,351K shares , representing a decrease of 10.13%. The firm increased its portfolio allocation in VRNS by 3.03% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,873K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 2,550K shares , representing an increase of 11.25%. The firm increased its portfolio allocation in VRNS by 14.49% over the last quarter.
Thrivent Financial For Lutherans holds 2,673K shares representing 2.38% ownership of the company. In its prior filing, the firm reported owning 2,874K shares , representing a decrease of 7.55%. The firm increased its portfolio allocation in VRNS by 3.21% over the last quarter.
Varonis Systems Background Information
(This description is provided by the company.)
Varonis is a pioneer in data security and analytics, fighting a different battle than conventional cybersecurity companies. Varonis focuses on protecting enterprise data: sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects insider threats and cyberattacks by analyzing data, account activity and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. With a focus on data security, Varonis serves a variety of use cases, including governance, compliance, classification and threat analytics. Varonis started operations in 2005 and has customers spanning firms in the financial services, public, healthcare, industrial, insurance, energy and utilities, consumer and retail, technology, media and entertainment and education sectors.
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