VRNS - Varonis Systems Inc Stock Price, Fair Value and News

43.15USD-0.34 (-0.78%)Market Closed

Market Summary

USD43.15-0.34

Market Closed

-0.78%

VRNS Alerts

1 major insider sales recently.

Losses in recent quarter

VRNS Stock Price

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VRNS RSI Chart

VRNS Valuation

Market Cap

4.8B

Price/Earnings (Trailing)

-46.67

Price/Sales (Trailing)

9.51

EV/EBITDA

-64.87

Price/Free Cashflow

64.13

VRNS Price/Sales (Trailing)

VRNS Profitability

Operating Margin

85.08%

EBT Margin

-17.92%

Return on Equity

-22.79%

Return on Assets

-9.79%

Free Cashflow Yield

1.56%

VRNS Fundamentals

VRNS Revenue

Revenue (TTM)

505.8M

Rev. Growth (Yr)

6.23%

Rev. Growth (Qtr)

-26.01%

VRNS Earnings

Earnings (TTM)

-103.1M

Earnings Growth (Yr)

-5.71%

Earnings Growth (Qtr)

-4.4K%

Breaking Down VRNS Revenue

Last 7 days

-3.1%

Last 30 days

-0.8%

Last 90 days

-12.8%

Trailing 12 Months

73.7%

How does VRNS drawdown profile look like?

VRNS Financial Health

Current Ratio

2.38

Debt/Equity

0.55

Debt/Cashflow

0.32

VRNS Investor Care

Shares Dilution (1Y)

1.63%

Diluted EPS (TTM)

-0.94

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	505.8M	0	0	0
2023	484.7M	488.7M	487.7M	499.2M
2022	411.6M	434.6M	457.6M	473.6M
2021	313.3M	335.2M	358.8M	390.1M
2020	252.0M	258.9M	270.1M	292.7M
2019	273.1M	270.6M	269.1M	254.2M
2018	229.3M	242.1M	255.8M	270.3M
2017	175.0M	185.8M	198.2M	215.4M
2016	134.7M	144.2M	153.9M	165.9M
2015	106.9M	111.4M	117.1M	127.2M
2014	79.5M	86.3M	93.3M	101.3M
2013	58.7M	64.0M	69.3M	74.6M
2012	0	0	0	53.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Varonis Systems Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	faitelson yakov	sold	-2,113,460	44.5342	-47,457	ceo, president, chairman
May 10, 2024	faitelson yakov	acquired	266,865	5.6233	47,457	ceo, president, chairman
May 10, 2024	korkus ohad	acquired	19,677	7.00	2,811	-
May 09, 2024	faitelson yakov	acquired	2,901,330	7.78791	372,543	ceo, president, chairman
May 09, 2024	faitelson yakov	sold	-12,855,500	45.2321	-284,211	ceo, president, chairman
May 08, 2024	prishkolnik rachel	acquired	-	-	4,163	-
May 08, 2024	gavin john j jr	acquired	-	-	4,163	-
May 08, 2024	korkus ohad	acquired	-	-	4,163	-
May 08, 2024	van den bosch fred	acquired	-	-	4,163	-
May 08, 2024	iohan gili	acquired	-	-	4,163	-

Which funds bought or sold VRNS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	added	5.67	9,131	100,138	-%
May 16, 2024	CASTLEARK MANAGEMENT LLC	reduced	-11.85	-788,793	8,859,470	0.37%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.7	-92,506	5,139,640	0.01%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-57.53	-6,629,300	5,260,870	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-50.15	-11,301,800	12,207,600	0.03%
May 15, 2024	BAMCO INC /NY/	reduced	-18.49	-6,650,610	37,431,200	0.10%
May 15, 2024	TREMBLANT CAPITAL GROUP	added	0.15	1,231,120	29,627,500	3.20%
May 15, 2024	ADAGE CAPITAL PARTNERS GP, L.L.C.	sold off	-100	-15,848,000	-	-%
May 15, 2024	Graham Capital Management, L.P.	sold off	-100	-310,123	-	-%
May 15, 2024	ALGERT GLOBAL LLC	sold off	-100	-489,000	-	-%

Are Funds Buying or Selling VRNS?

Are funds buying VRNS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VRNS

No. of Funds

Unveiling Varonis Systems Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.19%	11,101,652	SC 13G/A
Feb 12, 2024	william blair investment management, llc	3.0%	3,249,245	SC 13G/A
Jan 24, 2024	blackrock inc.	10.2%	11,149,383	SC 13G/A
Jul 10, 2023	vanguard group inc	10.09%	11,071,010	SC 13G/A
Feb 09, 2023	william blair investment management, llc	5.6%	6,181,738	SC 13G
Feb 09, 2023	vanguard group inc	9.59%	10,569,355	SC 13G/A
Feb 06, 2023	wellington management group llp	0.84%	926,881	SC 13G/A
Jan 06, 2023	blackrock inc.	10.4%	11,456,671	SC 13G/A
Nov 10, 2022	wellington management group llp	5.46%	6,003,761	SC 13G/A
Mar 11, 2022	blackrock inc.	9.3%	9,942,342	SC 13G/A

Recent SEC filings of Varonis Systems Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading

Peers (Alternatives to Varonis Systems Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	2.04%	31.94%	36.24	13.2	13.97%	24.86%
ADBE	216.6B	19.9B	1.92%	34.16%	45.12	10.87	10.76%	1.35%
CRWD	82.6B	3.1B	17.82%	143.95%	924.45	27.03	36.33%	148.75%
SQ	44.6B	22.9B	-1.67%	21.44%	89.43	1.95	23.28%	240.37%
AKAM	14.5B	3.9B	-5.09%	8.50%	23.17	3.74	7.01%	28.42%
FFIV	10.2B	2.8B	-3.92%	22.69%	20.48	3.67	0.20%	52.82%
MID-CAP
ALTR	7.5B	619.6M	12.28%	29.55%	779.75	12.06	7.11%	116.83%
HCP	6.4B	583.1M	40.42%	1.19%	-33.59	10.98	22.54%	30.49%
ACIW	4.0B	1.5B	19.09%	52.81%	27.07	2.67	6.51%	54.77%
APPN	2.4B	560.0M	-6.27%	-15.47%	-22.61	4.34	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-10.96%	-12.92%	19.76	1.09	3.70%	18.24%
ATEN	1.2B	254.7M	26.48%	15.07%	26.36	4.73	-7.51%	2.74%
BAND	590.0M	634.3M	29.78%	103.56%	-20.22	0.93	9.43%	-197.31%
DTSS	20.5M	23.3M	-8.22%	-61.16%	-1.79	0.88	336.57%	-92.79%
BLIN	13.0M	15.3M	-	31.58%	-1.29	0.85	-7.99%	-1417.41%

Varonis Systems Inc News

Latest updates

Varonis Systems Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-26.0%	114,022	154,099	122,308	115,418	107,335	142,617	123,308	111,448	96,261	126,578	100,353	88,418	74,785	95,197	76,751	66,565	54,176	72,560	65,649	59,621	56,360
Cost Of Revenue	10.3%	21,349	19,347	17,381	17,386	17,637	17,030	17,198	17,799	17,809	17,378	14,338	14,201	13,482	12,462	11,284	10,335	10,180	9,652	8,768	8,398	8,326
Gross Profit	-31.2%	92,673	134,752	104,927	98,032	89,698	125,587	106,110	93,649	78,452	109,200	86,015	74,217	61,303	82,735	65,467	56,230	43,996	62,908	56,881	51,223	48,034
Operating Expenses	0.2%	140,306	139,996	134,074	137,748	132,814	135,580	131,692	131,217	126,537	127,033	104,570	102,448	95,378	89,934	81,919	78,324	76,666	76,913	72,856	75,229	70,035
S&GA Expenses	0.9%	71,227	70,569	68,610	70,321	68,393	71,779	69,810	68,714	64,787	67,673	56,229	54,919	51,493	48,904	45,435	42,983	42,580	44,129	42,117	41,656	41,996
R&D Expenses	-0.7%	47,827	48,144	44,818	46,144	44,732	45,018	44,478	44,815	43,570	40,143	34,344	33,333	30,062	27,938	24,670	24,067	22,688	21,874	20,400	19,722	18,768
EBITDA Margin	-3.8%	-0.15*	-0.14*	-0.16*	-0.16*	-0.17*	-0.20*	-0.25*	-0.26*	-0.26*	-0.25*	-0.25*	-0.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	158300.0%	1,584	1.00	1,584	3.00	1,608	1.00	1,583	1.00	1,582	-	1,582	4.00	1,582	-	-	-	-	-	-	-	-
Income Taxes	29.0%	1,402	1,087	2,504	7,446	2,961	5,025	5,566	1,698	1,414	3,023	1,525	915	559	7,295	220	384	213	801	530	547	510
Earnings Before Taxes	-20781.5%	-39,088	189	-20,513	-31,251	-35,343	-5,723	-23,151	-34,592	-47,349	-21,920	-21,789	-32,033	-35,097	-11,737	-19,005	-23,939	-31,217	-13,849	-16,457	-23,941	-22,129
EBT Margin	-2.9%	-0.18*	-0.17*	-0.19*	-0.20*	-0.20*	-0.23*	-0.28*	-0.29*	-0.30*	-0.28*	-0.28*	-0.29*	-	-	-	-	-	-	-	-	-
Net Income	-4408.9%	-40,490	-898	-23,017	-38,697	-38,304	-10,748	-28,717	-36,290	-48,763	-24,943	-23,314	-32,948	-35,656	-19,032	-19,225	-24,323	-31,430	-14,650	-16,987	-24,488	-22,639
Net Income Margin	-0.8%	-0.20*	-0.20*	-0.23*	-0.24*	-0.24*	-0.26*	-0.30*	-0.31*	-0.32*	-0.30*	-0.31*	-0.32*	-	-	-	-	-	-	-	-	-
Free Cashflow	580.4%	56,426	8,293	5,991	4,313	35,720	-328	-3,138	-17,106	21,047	-6,032	-6,279	-10,268	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-4.6%	1,054	1,104	1,021	1,037	1,011	1,044	1,059	1,052	1,052	1,109	1,058	1,032	1,038	555	503	498	287	318	298	304	305
Current Assets	-7.7%	708	767	686	905	876	906	917	907	904	959	912	897	900	420	401	390	177	215	198	207	220
Cash Equivalents	-36.3%	147	231	111	399	249	368	754	753	776	806	803	781	754	234	231	240	78.00	69.00	53.00	69.00	64.00
Net PPE	-6.6%	32.00	34.00	34.00	37.00	38.00	39.00	38.00	40.00	39.00	38.00	34.00	35.00	36.00	37.00	36.00	37.00	37.00	36.00	27.00	24.00	21.00
Goodwill	0%	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	-	-	-	-	-	-	-
Current Liabilities	-3.1%	297	307	267	255	217	229	209	209	196	212	182	182	179	183	148	145	145	160	134	135	133
Long Term Debt	0.2%	251	250	-	-	-	249	-	-	-	225	-	-	-	218	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	250	-	-	-	249	-	-	-	225	-	-	-	218	-	-	-	-	-	-	-
Shareholder's Equity	-7.6%	452	490	445	471	481	502	532	526	536	597	577	570	579	94.00	83.00	79.00	80.00	94.00	98.00	100	110
Retained Earnings	-6.3%	-684	-644	-643	-620	-581	-543	-532	-504	-467	-427	-402	-379	-346	-310	-291	-272	-248	-216	-202	-185	-160
Additional Paid-In Capital	0.3%	1,146	1,143	1,111	1,109	1,077	1,055	1,077	1,038	1,000	1,018	977	947	921	395	371	347	328	311	299	285	271
Shares Outstanding	2.3%	112	109	109	110	110	108	110	109	108	105	105	106	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,560	-	-	-	3,170	-	-	-	6,080	-	-	-	2,730	-	-	-	1,840	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	443.0%	56,723	10,447	6,333	5,806	36,830	3,434	-1,638	-14,467	24,542	338	-4,305	-9,238	20,383	7,654	-2,692	-14,678	3,874	-7.00	-13,629	-11,102	14,055
Share Based Compensation	1.4%	32,093	31,643	32,980	39,385	35,811	34,806	34,300	37,758	35,998	38,110	24,422	25,868	21,379	19,401	18,678	17,623	12,883	11,360	11,022	14,796	8,961
Cashflow From Investing	-201.5%	-111,966	110,350	-263,335	152,424	-142,515	-332,283	-2,019	-8,079	-31,870	2,157	20,051	37,016	-4,845	-5,191	-10,637	-39,334	414	15,681	-5,574	17,263	5,933
Cashflow From Financing	-2170.2%	-28,446	-1,253	-30,998	-7,619	-13,530	-57,596	4,730	-1.00	-22,714	122	6,041	-27.00	503,976	171	4,808	216,458	4,316	271	3,028	-1,463	-4,234
Buy Backs	-	-	-	35,923	5,080	2,519	56,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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VRNS Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Revenue	$ 114,022	$ 107,335
Cost of revenues	21,349	17,637
Gross profit	92,673	89,698
Operating expenses:
Research and development	47,827	44,732
Sales and marketing	71,227	68,393
General and administrative	21,252	19,689
Total operating expenses	140,306	132,814
Operating loss	(47,633)	(43,116)
Financial income, net	8,545	7,773
Loss before income taxes	(39,088)	(35,343)
Income taxes	(1,402)	(2,961)
Net loss	$ (40,490)	$ (38,304)
Net loss per share of common stock, basic (in dollars per share)	$ (0.37)	$ (0.35)
Net loss per share of common stock, diluted (in dollars per share)	$ (0.37)	$ (0.35)
Weighted average number of shares used in computing net loss per share of common stock, basic (in shares)	109,990,177	108,387,402
Weighted average number of shares used in computing net loss per share of common stock, diluted (in shares)	109,990,177	108,387,402
Term license subscriptions
Revenues:
Revenue	$ 55,980	$ 80,906
SaaS
Revenues:
Revenue	33,985	2,068
Maintenance and services
Revenues:
Revenue	$ 24,057	$ 24,361

VRNS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 147,051	$ 230,740
Marketable securities	355,743	253,175
Short-term deposits	45,280	49,800
Trade receivables (net of allowances of $1,135 and $1,487 at March 31, 2024 and December 31, 2023, respectively)	100,441	169,116
Prepaid expenses and other current assets	59,244	64,326
Total current assets	707,759	767,157
Long-term assets:
Long-term marketable securities	226,366	211,063
Operating lease right-of-use assets	49,220	51,838
Property and equipment, net	31,733	33,964
Intangible assets, net	881	1,263
Goodwill	23,135	23,135
Other assets	14,560	15,490
Total long-term assets	345,895	336,753
Total assets	1,053,654	1,103,910
Current liabilities:
Trade payables	2,899	672
Accrued expenses and other short-term liabilities	109,202	125,057
Deferred revenues	185,086	181,049
Total current liabilities	297,187	306,778
Long-term liabilities:
Convertible senior notes, net	250,860	250,477
Operating lease liabilities	48,009	51,313
Deferred revenues	403	886
Other liabilities	4,846	4,808
Total long-term liabilities	304,118	307,484
Stockholders’ equity:
Common stock of $0.001 par value - Authorized: 200,000,000 shares at March 31, 2024 and December 31, 2023; Issued and outstanding: 111,589,110 shares at March 31, 2024 and 109,103,721 shares at December 31, 2023	112	109
Accumulated other comprehensive loss	(9,105)	(8,649)
Additional paid-in capital	1,146,222	1,142,578
Accumulated deficit	(684,880)	(644,390)
Total stockholders’ equity	452,349	489,648
Total liabilities and stockholders’ equity	$ 1,053,654	$ 1,103,910

About Varonis Systems Inc

Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is based in New York, New York.

CEO	Mr. Yakov Faitelson
WEBSITE	varonis.com
INDUSTRY	Software - Infra
EMPLOYEES	2143

Varonis Systems Inc Frequently Asked Questions

What is the ticker symbol for Varonis Systems Inc? What does VRNS stand for in stocks?

VRNS is the stock ticker symbol of Varonis Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Varonis Systems Inc (VRNS)?

As of Fri May 17 2024, market cap of Varonis Systems Inc is 4.81 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VRNS stock?

You can check VRNS's fair value in chart for subscribers.

What is the fair value of VRNS stock?

You can check VRNS's fair value in chart for subscribers. The fair value of Varonis Systems Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Varonis Systems Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VRNS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Varonis Systems Inc a good stock to buy?

The fair value guage provides a quick view whether VRNS is over valued or under valued. Whether Varonis Systems Inc is cheap or expensive depends on the assumptions which impact Varonis Systems Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VRNS.

What is Varonis Systems Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, VRNS's PE ratio (Price to Earnings) is -46.67 and Price to Sales (PS) ratio is 9.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VRNS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Varonis Systems Inc's stock?

In the past 10 years, Varonis Systems Inc has provided 0.188 (multiply by 100 for percentage) rate of return.