Varonis Systems: Citigroup maintains Neutral, PT raised to $58 from $51.

Varonis Systems: Citigroup maintains Neutral, PT raised to $58 from $51.

Citigroup has upgraded Varonis Systems (NASDAQ:VRNS) to a "Neutral" rating, raising its price target from $51.00 to $58.00. This follows a recent upgrade by Wells Fargo & Company, which increased its rating to "Overweight" and raised the price target from $51.00 to $70.00, indicating a potential upside of 32.60% from the stock's previous close [2].

Varonis Systems provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data. The company's stock has seen a 2.9% decline recently, with its current market cap at $5.92 billion [2]. Despite the mixed ratings from other analysts, the consensus rating for Varonis Systems is "Moderate Buy" with a consensus price target of $58.50 [2].

In recent insider activity, CFO Guy Melamed sold 42,705 shares of common stock on August 13, 2025, at a weighted average price of $57.72 per share, totaling $2,464,932 [1]. This sale was conducted under a Rule 10b5-1 trading plan adopted in 2024. Following the transaction, Melamed directly owns 427,897 shares of Varonis Systems [1].

The company's stock has seen recent analyst upgrades, with several research firms increasing their price targets and ratings. For example, Robert W. Baird increased their price objective from $58.00 to $63.00 and gave the company an "outperform" rating [2]. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems [2]. Despite these upgrades, the stock has seen a 2.9% decline recently [2].

Varonis Systems reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million [2]. The company's quarterly revenue was up 16.7% compared to the same quarter last year [2].

The recent upgrades and insider activity suggest that Varonis Systems remains an attractive investment opportunity for those interested in data protection and security software. However, investors should carefully consider the company's financial health and recent performance before making any investment decisions.

References:
[1] https://www.tradingview.com/news/tradingview:d58287acadd17:0-varonis-systems-cfo-and-coo-guy-melamed-sells-over-2-4-million-in-company-stock/
[2] https://www.marketbeat.com/instant-alerts/varonis-systems-nasdaqvrns-upgraded-by-wells-fargo-company-to-overweight-rating-2025-08-11/