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

44.88USD+0.09 (+0.20%)Market Closed

Market Summary

USD44.88+0.09

Market Closed

0.20%

VRNS Stock Price

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VRNS RSI Chart

VRNS Valuation

Market Cap

4.9B

Price/Earnings (Trailing)

-48.42

Price/Sales (Trailing)

9.79

EV/EBITDA

-68.13

Price/Free Cashflow

89.97

VRNS Price/Sales (Trailing)

VRNS Profitability

Operating Margin

85.63%

EBT Margin

-17.41%

Return on Equity

-20.61%

Return on Assets

-9.14%

Free Cashflow Yield

1.11%

VRNS Fundamentals

VRNS Revenue

Revenue (TTM)

499.2M

Rev. Growth (Yr)

8.05%

Rev. Growth (Qtr)

25.99%

VRNS Earnings

Earnings (TTM)

-100.9M

Earnings Growth (Yr)

91.64%

Earnings Growth (Qtr)

96.1%

Breaking Down VRNS Revenue

Last 7 days

1.9%

Last 30 days

-6.6%

Last 90 days

-1.0%

Trailing 12 Months

82.7%

How does VRNS drawdown profile look like?

VRNS Financial Health

Current Ratio

2.5

Debt/Equity

0.51

Debt/Cashflow

0.24

VRNS Investor Care

Shares Dilution (1Y)

1.38%

Diluted EPS (TTM)

-0.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Varonis Systems Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 29, 2024	gottlieb dov	sold (taxes)	-492,963	50.8	-9,704	vp and general counsel
Feb 29, 2024	faitelson yakov	sold (taxes)	-7,932,370	50.8	-156,149	ceo, president, chairman
Feb 29, 2024	iohan gili	sold	-985,530	50.54	-19,500	-
Feb 29, 2024	o'boyle james	sold (taxes)	-3,955,950	50.8	-77,873	svp of worldwide sales
Feb 29, 2024	melamed guy	sold (taxes)	-2,595,830	50.8	-51,099	cfo and coo
Feb 12, 2024	kess avrohom j.	bought	11,902	51.75	230	-
Feb 09, 2024	segev ofer	sold	-260,654	52.1309	-5,000	-
Feb 09, 2024	bass david	sold	-705,338	51.5787	-13,675	evp engineering and cto
Feb 09, 2024	mendoza thomas f	gifted	-	-	-2,000	-
Feb 08, 2024	gottlieb dov	sold	-2,069,230	48.02	-43,091	vp and general counsel

Which funds bought or sold VRNS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	72.00	2,736	-%
Apr 23, 2024	Gradient Investments LLC	sold off	-100	-3,985	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-76.51	-533,000	173,000	-%
Apr 23, 2024	DUNCKER STREETT & CO INC	unchanged	-	23.00	566	-%
Apr 23, 2024	Main Street Financial Solutions, LLC	unchanged	-	8,556	213,539	0.02%
Apr 23, 2024	WESBANCO BANK INC	new	-	4,488,740	4,488,740	0.17%
Apr 23, 2024	Summit Trail Advisors, LLC	reduced	-9.71	-54,482	863,117	0.02%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	834,549	2,563,660	0.02%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	18.79	728,419	3,795,960	-%
Apr 19, 2024	Financial Perspectives, Inc	sold off	-100	-12,857	-	-%

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
Apr 19, 2024	ARS	ARS
Apr 19, 2024	DEF 14A	DEF 14A
Apr 19, 2024	DEFA14A	DEFA14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Feb 29, 2024	144	Notice of Insider Sale Intent
Feb 26, 2024	8-K	Current Report

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	3.0T	227.6B	-5.06%	44.46%	36.64	13.29	11.51%	22.38%
ADBE	211.9B	19.9B	-5.33%	25.33%	44.13	10.63	10.76%	1.35%
CRWD	71.5B	3.1B	-8.53%	129.79%	800.51	23.4	36.33%	148.75%
SQ	45.8B	21.9B	-6.85%	16.65%	6.7K	2.09	25.01%	101.26%
AKAM	15.4B	3.8B	-6.64%	26.14%	28.15	4.04	5.40%	4.57%
FFIV	10.6B	2.8B	-5.43%	34.87%	22.99	3.78	3.55%	53.13%
MID-CAP
ALTR	6.8B	612.7M	-0.91%	17.65%	-756.48	11.02	7.07%	79.45%
HCP	5.6B	583.1M	8.37%	7.34%	-29.63	9.69	22.54%	30.49%
ACIW	3.6B	1.5B	4.40%	34.68%	29.3	2.45	2.16%	-14.54%
APPN	2.7B	545.4M	-4.14%	-4.41%	-24	4.9	16.53%	26.16%
SMALL-CAP
CSGS	1.5B	1.2B	-2.38%	-5.13%	21.29	1.25	7.30%	93.18%
ATEN	1.0B	251.7M	-1.10%	-8.11%	25.11	3.99	-10.22%	-14.79%
BAND	464.9M	601.1M	-2.58%	39.72%	-28.44	0.77	4.88%	-183.51%
DTSS	18.6M	7.0M	0.68%	-54.72%	-2.16	2.91	-55.73%	-45.27%
BLIN	12.9M	15.6M	12.73%	37.78%	-1.29	0.83	-6.37%	-5256.07%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	26.0%	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	87,518
Cost Of Revenue	11.3%	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	7,749
Gross Profit	28.4%	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	79,769
Operating Expenses	4.4%	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	75,269
S&GA Expenses	2.9%	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	46,196
R&D Expenses	7.4%	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	19,445
EBITDA Margin	8.4%	-0.14*	-0.16*	-0.16*	-0.17*	-0.20*	-0.25*	-0.26*	-0.26*	-0.25*	-0.25*	-0.25*	-0.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	-99.9%	1.00	1,584	3.00	1,608	1.00	1,583	1.00	1,582	-	1,582	4.00	1,582	-	-	-	-	-	-	-	-	-
Income Taxes	-56.6%	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	-1,264
Earnings Before Taxes	100.9%	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	5,204
EBT Margin	8.5%	-0.17*	-0.19*	-0.20*	-0.20*	-0.23*	-0.28*	-0.29*	-0.30*	-0.28*	-0.28*	-0.29*	-0.29*	-	-	-	-	-	-	-	-	-
Net Income	96.1%	-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	6,468
Net Income Margin	11.0%	-0.20*	-0.23*	-0.24*	-0.24*	-0.26*	-0.30*	-0.31*	-0.32*	-0.30*	-0.31*	-0.32*	-0.31*	-	-	-	-	-	-	-	-	-
Free Cashflow	38.4%	8,293	5,991	4,313	35,720	-328	-3,138	-17,106	21,047	-6,032	-6,279	-10,268	19,267	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	8.2%	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	285
Current Assets	11.8%	767	686	905	876	906	917	907	904	959	912	897	900	420	401	390	177	215	198	207	220	259
Cash Equivalents	107.5%	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	49.00
Net PPE	-1.3%	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	17.00
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	-	-	-	-	-	-	-	-
Current Liabilities	15.1%	307	267	255	217	229	209	209	196	212	182	182	179	183	148	145	145	160	134	135	133	146
Long Term Debt	-	250	-	-	-	249	-	-	-	225	-	-	-	218	-	-	-	-	-	-	-	-
LT Debt, Non Current	-	250	-	-	-	249	-	-	-	225	-	-	-	218	-	-	-	-	-	-	-	-
Shareholder's Equity	10.1%	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	125
Retained Earnings	-0.1%	-644	-643	-620	-581	-543	-532	-504	-467	-427	-402	-379	-346	-310	-291	-272	-248	-216	-202	-185	-160	-137
Additional Paid-In Capital	2.8%	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	267
Shares Outstanding	0.1%	109	109	110	110	108	110	109	108	105	105	106	100	-	-	-	-	-	-	-	-	-
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	65.0%	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	7,280
Share Based Compensation	-4.1%	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	10,787
Cashflow From Investing	141.9%	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	-26,386
Cashflow From Financing	96.0%	-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	-55.00
Buy Backs	-100.0%	-	35,923	5,080	2,519	56,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

VRNS Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Revenue	$ 499,160	$ 473,634	$ 390,134
Cost of revenues	71,751	69,836	59,399
Gross profit	427,409	403,798	330,735
Operating expenses:
Research and development	183,838	177,881	137,882
Sales and marketing	277,893	275,090	230,314
General and administrative	82,901	72,055	61,233
Total operating expenses	544,632	525,026	429,429
Operating loss	(117,223)	(121,228)	(98,694)
Financial income (expense), net	30,305	10,413	(12,145)
Loss before income taxes	(86,918)	(110,815)	(110,839)
Income taxes	(13,998)	(13,703)	(6,022)
Net loss	$ (100,916)	$ (124,518)	$ (116,861)
Net loss per share of common stock, basic (in USD per share)	$ (0.92)	$ (1.14)	$ (1.11)
Net loss per share of common stock, diluted (in USD per share)	$ (0.92)	$ (1.14)	$ (1.11)
Weighted average number of shares used in computing net loss per share of common stock, basic (in shares)	109,141,894	109,281,368	105,305,957
Weighted average number of shares used in computing net loss per share of common stock, diluted (in shares)	109,141,894	109,281,368	105,305,957
Subscriptions
Revenues:
Revenue	$ 400,907	$ 366,144	$ 270,832
Maintenance and services
Revenues:
Revenue	$ 98,253	$ 107,490	$ 119,302

VRNS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 230,740	$ 367,800
Marketable securities	253,175	236,338
Short-term deposits	49,800	128,350
Trade receivables (net of allowance of $1,487 and $3,453 at December 31, 2023 and December 31, 2022, respectively)	169,116	135,979
Prepaid expenses and other current assets	64,326	37,190
Total current assets	767,157	905,657
Long-term assets:
Long-term marketable securities	211,063	0
Operating lease right-of-use assets	51,838	56,772
Property and equipment, net	33,964	39,043
Intangible assets, net	1,263	2,788
Goodwill	23,135	23,135
Other assets	15,490	16,337
Total long-term assets	336,753	138,075
Total assets	1,103,910	1,043,732
Current liabilities:
Trade payables	672	2,962
Accrued expenses and other short-term liabilities	125,057	115,231
Deferred revenues	181,049	110,550
Total current liabilities	306,778	228,743
Long-term liabilities:
Convertible senior notes, net	250,477	248,963
Operating lease liabilities	51,313	57,627
Deferred revenues	886	1,503
Other liabilities	4,808	4,771
Total long-term liabilities	307,484	312,864
Stockholders’ equity:
Common stock of $0.001 par value - Authorized: 200,000,000 shares at December 31, 2023 and December 31, 2022; Issued and outstanding: 109,103,721 shares at December 31, 2023 and 107,673,052 shares at December 31, 2022	109	108
Accumulated other comprehensive loss	(8,649)	(9,557)
Additional paid-in capital	1,142,578	1,055,048
Accumulated deficit	(644,390)	(543,474)
Total stockholders’ equity	489,648	502,125
Total liabilities and stockholders’ equity	$ 1,103,910	$ 1,043,732

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 Tue Apr 23 2024, market cap of Varonis Systems Inc is 4.89 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 Tue Apr 23 2024, VRNS's PE ratio (Price to Earnings) is -48.42 and Price to Sales (PS) ratio is 9.79. 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 0.179 (multiply by 100 for percentage) rate of return.