Varonis Systems (VRNS) Stock Insights
VRNS$48.90-0.21 -0.43%
$5.62B
Market Cap
-40.25
P/E
328.54
Forward P/E
41
Score
Varonis Systems (VRNS) Stock Insights
VRNS price $48.90 -0.21 -0.43%
- Ticker
- VRNS
- Price
- $48.90
- Change
- -0.21 -0.43%
- Market cap ?
- $5.62B
- P/E ?
- -40.25
- Forward P/E ?
- 328.54
- Dividend yield ?
- 0.00%
- Beta ?
- 0.77
- Sector
- Technology
- Industry
- Software - Infrastructure
- Stocklytics score
- 41
- Value
- 44
- Quality
- 29
- Growth
- 50
Stocklytics score rationale: value 44, quality 29, growth 50.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 164456000 | 217364000 | 270288000 | 254190000 | 292689000 | 390134000 | 473634000 | 499160000 | 550950000 | 623533000 |
Varonis Systems, Inc. specializes in delivering software solutions and associated services designed to help large organizations oversee, analyze, identify threats in, and protect their critical digital information across North America, Europe, the Middle East, Africa, and other international markets. Their technology safeguards sensitive data, whether stored on-premises or in cloud environments, encompassing…
Fair value
VRNS fair value $21.26. Price $48.90. Price is 130% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 71% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 99.21M. Growth 18.30%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 114.86M. Net debt 369.27M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-03 | — | 0.03 | — | 186.74M |
| 2026-07-28 | 0.04 | 0.01 | 180.02M | 176.83M |
| 2026-04-28 | 0.06 | -0.05 | 173.13M | 165.52M |
| 2026-02-03 | 0.08 | 0.03 | 173.37M | 168.48M |
| 2025-10-28 | 0.06 | 0.05 | 161.58M | 166.47M |
| 2025-07-29 | 0.03 | 0.01 | 152.16M | 163.56M |
| 2025-05-06 | -0.32 | -0.05 | 136.42M | 133.04M |
| 2025-02-04 | 0.18 | 0.14 | 158.51M | 132.91M |
| 2024-10-29 | 0.10 | 0.07 | 148.07M | 164.96M |
| 2024-07-29 | 0.05 | 0.01 | 130.35M | 124.84M |
| 2024-05-06 | -0.03 | -0.09 | 114.02M | 113.62M |
| 2024-02-05 | 0.27 | 0.23 | 154.10M | 151.83M |
| 2023-10-30 | 0.08 | 0.02 | 122.31M | 125.35M |
| 2023-07-31 | 0.01 | 0.02 | 115.42M | 119.13M |
| 2023-05-01 | 0.00 | -0.05 | 107.33M | 106.92M |
| 2023-02-06 | 0.21 | 0.17 | 142.62M | 140.64M |
| 2022-10-31 | 0.05 | 0.06 | 123.31M | 124.35M |
| 2022-08-01 | -0.33 | -0.01 | 111.45M | 111.21M |
| 2022-05-02 | -0.09 | -0.10 | 96.26M | 95.93M |
| 2022-02-07 | 0.16 | 0.13 | 126.58M | 122.44M |
| 2021-11-01 | 0.05 | 0.02 | 100.35M | 97.43M |
| 2021-08-02 | -0.01 | -0.01 | 88.42M | 83.68M |
| 2021-05-03 | -0.08 | -0.13 | 74.78M | 68.98M |
| 2021-02-08 | 0.11 | 0.04 | 95.20M | 84.36M |
| 2020-10-26 | 0.02 | 0.01 | 76.75M | 166.29M |
| 2020-08-03 | -0.05 | -0.12 | 66.56M | 155.32M |
| 2020-05-04 | -0.19 | -0.19 | 54.18M | 57.08M |
| 2020-02-10 | -0.03 | -0.02 | 72.56M | 56.44M |
| 2019-10-28 | -0.05 | -0.11 | 65.65M | 139.50M |
| 2019-07-29 | -0.10 | -0.11 | 59.62M | 63.60M |
| 2019-04-29 | -0.13 | -0.12 | 56.36M | 54.88M |
| 2019-02-11 | 0.18 | 0.11 | 87.52M | 55.10M |
| 2018-10-29 | 0.02 | — | 67.05M | — |
| 2018-07-30 | -0.03 | -0.02 | 62.19M | 38.87M |
| 2018-04-30 | -0.07 | -0.10 | 53.53M | 75.43M |
| 2018-02-12 | 0.12 | 0.10 | 73.21M | 58.97M |
| 2017-11-02 | 0.02 | — | 53.60M | — |
| 2017-08-03 | 0.01 | 0.00 | 50.17M | 401.39M |
| 2017-05-04 | -0.08 | -0.10 | 40.38M | 52.67M |
| 2017-02-08 | 0.08 | 0.07 | 54.41M | 47.61M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-31 | Gottlieb Dov | Sell | 9.26K | $34.15 | 316.37K |
| 2026-05-22 | Melamed Guy | Sell | 104.44K | $23.10 | 2.41M |
| 2026-04-30 | Aued Carlos | Buy | 7.22K | — | — |
| 2026-04-30 | COMOLLI KEVIN E | Buy | 7.22K | — | — |
| 2026-04-30 | GAVIN JOHN J JR | Buy | 7.22K | — | — |
| 2026-04-30 | Iohan Gili | Buy | 7.22K | — | — |
| 2026-04-30 | Kess Avrohom J. | Buy | 7.22K | — | — |
| 2026-04-30 | Korkus Ohad | Buy | 7.22K | — | — |
| 2026-04-30 | MENDOZA THOMAS F | Buy | 7.22K | — | — |
| 2026-04-30 | Prishkolnik Rachel | Buy | 7.22K | — | — |
| 2026-04-30 | Segev Ofer | Buy | 7.22K | — | — |
| 2026-04-30 | VAN DEN BOSCH FRED | Buy | 7.22K | — | — |
| 2026-02-27 | Faitelson Yakov | Sell | 369.58K | $23.10 | 8.54M |
| 2026-02-27 | Gottlieb Dov | Sell | 20.21K | $23.10 | 466.76K |
| 2026-02-27 | Pomeroy Greg | Sell | 32.58K | $23.10 | 752.62K |
| 2026-02-09 | Faitelson Yakov | Buy | 26.73K | $22.41 | 598.91K |
| 2026-02-09 | Faitelson Yakov | Sell | 87.00K | — | — |
| 2026-02-09 | Faitelson Yakov | Buy | 31.93K | — | — |
| 2026-02-09 | Faitelson Yakov | Buy | 47.00K | — | — |
| 2026-02-09 | Bass David | Buy | 2.98K | $23.47 | 69.94K |
| 2026-02-06 | Gottlieb Dov | Buy | 66.23K | — | — |
| 2026-02-06 | Melamed Guy | Buy | 125.36K | — | — |
| 2026-02-06 | Pomeroy Greg | Buy | 75.06K | — | — |
| 2026-02-06 | Faitelson Yakov | Buy | 315.67K | — | — |
| 2026-02-06 | Bass David | Buy | 169.09K | — | — |
| 2026-02-06 | GAVIN JOHN J JR | Buy | 5.00K | $22.54 | 112.70K |
| 2026-02-06 | Kess Avrohom J. | Buy | 17.80K | $22.29 | 396.76K |
| 2026-02-02 | Faitelson Yakov | Buy | 162.46K | — | — |
| 2026-02-02 | Melamed Guy | Buy | 70.97K | — | — |
| 2026-02-02 | Bass David | Buy | 63.73K | — | — |
| 2026-02-02 | Pomeroy Greg | Buy | 23.01K | — | — |
| 2026-02-02 | Gottlieb Dov | Buy | 12.50K | — | — |
| 2025-09-11 | Faitelson Yakov | Sell | 54.73K | — | — |
| 2025-09-11 | Faitelson Yakov | Buy | 31.93K | — | — |
| 2025-08-29 | Melamed Guy | Sell | 1.50K | $59.59 | 89.39K |
| 2025-08-28 | Melamed Guy | Sell | 3.89K | $59.52 | 231.65K |
| 2025-08-22 | Melamed Guy | Sell | 10.40K | $59.53 | 619.11K |
| 2025-08-13 | Melamed Guy | Sell | 42.70K | $57.72 | 2.46M |
| 2025-08-01 | Melamed Guy | Sell | 51.89K | $55.10 | 2.86M |
| 2025-08-01 | VAN DEN BOSCH FRED | Sell | 3.00K | $55.08 | 165.24K |
| 2025-06-04 | VAN DEN BOSCH FRED | Sell | 6.00K | $50.00 | 300.00K |
| 2025-06-02 | Gottlieb Dov | Sell | 18.33K | $47.68 | 874.12K |
| 2025-05-08 | Aued Carlos | Buy | 4.18K | — | — |
| 2025-05-08 | COMOLLI KEVIN E | Buy | 4.18K | — | — |
| 2025-05-08 | GAVIN JOHN J JR | Buy | 4.18K | — | — |
| 2025-05-08 | Iohan Gili | Buy | 4.18K | — | — |
| 2025-05-08 | Kess Avrohom J. | Buy | 4.18K | — | — |
| 2025-05-08 | Korkus Ohad | Buy | 4.18K | — | — |
| 2025-05-08 | MENDOZA THOMAS F | Buy | 4.18K | — | — |
| 2025-05-08 | Prishkolnik Rachel | Buy | 4.18K | — | — |
| 2025-05-08 | Segev Ofer | Buy | 4.18K | — | — |
| 2025-05-08 | VAN DEN BOSCH FRED | Buy | 4.18K | — | — |
| 2025-03-27 | Melamed Guy | Sell | 135.20K | $42.97 | 5.81M |
| 2025-03-04 | Faitelson Yakov | Sell | 81.99K | $42.97 | 3.52M |
| 2025-03-04 | Gottlieb Dov | Sell | 15.86K | $42.97 | 681.50K |
| 2025-03-04 | Pomeroy Greg | Sell | 34.78K | $42.97 | 1.49M |
| 2025-02-06 | Faitelson Yakov | Buy | 162.46K | — | — |
| 2025-02-06 | Melamed Guy | Buy | 70.97K | — | — |
| 2025-02-06 | Bass David | Buy | 95.73K | — | — |
| 2025-02-06 | Pomeroy Greg | Buy | 44.86K | — | — |
| 2025-02-06 | Gottlieb Dov | Buy | 37.49K | — | — |
| 2025-02-03 | Pomeroy Greg | Other | 0 | — | — |
| 2025-02-03 | Faitelson Yakov | Buy | 201.24K | — | — |
| 2025-02-03 | Melamed Guy | Buy | 87.91K | — | — |
| 2025-02-03 | Bass David | Buy | 72.09K | — | — |
| 2025-02-03 | Gottlieb Dov | Buy | 15.48K | — | — |
| 2024-11-14 | O'Boyle James | Sell | 2.00K | — | — |
| 2024-11-13 | Melamed Guy | Sell | 66.79K | $53.49 | 3.57M |
| 2024-11-13 | Melamed Guy | Sell | 24.56K | $54.28 | 1.33M |
| 2024-10-15 | O'Boyle James | Sell | 50.00K | $59.76 | 2.99M |
| 2024-08-06 | O'Boyle James | Sell | 41.28K | $50.78 | 2.10M |
| 2024-08-06 | O'Boyle James | Sell | 33.72K | $51.36 | 1.73M |
| 2024-05-31 | Gottlieb Dov | Sell | 21.45K | $42.96 | 921.28K |
| 2024-05-10 | Korkus Ohad | Buy | 2.81K | $7.00 | 19.68K |
| 2024-05-10 | Korkus Ohad | Sell | 2.81K | $7.00 | 19.68K |
| 2024-05-10 | Faitelson Yakov | Buy | 47.46K | $5.62 | 266.86K |
| 2024-05-10 | Faitelson Yakov | Sell | 47.46K | $44.53 | 2.11M |
| 2024-05-10 | Faitelson Yakov | Sell | 47.46K | $5.62 | 266.86K |
| 2024-05-09 | Faitelson Yakov | Buy | 100.63K | $9.96 | 1.00M |
| 2024-05-09 | Faitelson Yakov | Buy | 183.59K | $7.00 | 1.29M |
| 2024-05-09 | Faitelson Yakov | Buy | 12.54K | $5.62 | 70.53K |
| 2024-05-09 | Faitelson Yakov | Sell | 284.21K | $45.23 | 12.86M |
| 2024-05-09 | Faitelson Yakov | Buy | 4.37K | $9.96 | 43.57K |
| 2024-05-09 | Faitelson Yakov | Buy | 71.42K | $7.00 | 499.90K |
| 2024-05-09 | Faitelson Yakov | Sell | 71.42K | $7.00 | 499.90K |
| 2024-05-09 | Faitelson Yakov | Sell | 4.37K | $9.96 | 43.57K |
| 2024-05-09 | Faitelson Yakov | Sell | 12.54K | $5.62 | 70.53K |
| 2024-05-09 | Faitelson Yakov | Sell | 183.59K | $7.00 | 1.29M |
| 2024-05-09 | Faitelson Yakov | Sell | 100.63K | $9.96 | 1.00M |
| 2024-05-08 | Korkus Ohad | Buy | 4.16K | — | — |
| 2024-05-08 | Aued Carlos | Buy | 4.16K | — | — |
| 2024-05-08 | COMOLLI KEVIN E | Buy | 4.16K | — | — |
| 2024-05-08 | GAVIN JOHN J JR | Buy | 4.16K | — | — |
| 2024-05-08 | Iohan Gili | Buy | 4.16K | — | — |
| 2024-05-08 | Kess Avrohom J. | Buy | 4.16K | — | — |
| 2024-05-08 | MENDOZA THOMAS F | Buy | 4.16K | — | — |
| 2024-05-08 | Prishkolnik Rachel | Buy | 4.16K | — | — |
| 2024-05-08 | Segev Ofer | Buy | 4.16K | — | — |
| 2024-05-08 | VAN DEN BOSCH FRED | Buy | 4.16K | — | — |
| 2024-02-29 | Faitelson Yakov | Sell | 156.15K | $50.80 | 7.93M |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 378, holders +61 vs prior quarter. Ownership 97.24%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 12.79M | 1.48M | +13.13% | 536.64M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 7.57M | 82.10K | +1.10% | 317.44M |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.99M | -114.09K | -2.24% | 209.23M |
| TREMBLANT CAPITAL GROUP | 3.75M | 170.17K | +4.75% | 157.34M |
| VOYA INVESTMENT MANAGEMENT LLC | 3.72M | 1.31M | +54.11% | 156.07M |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 3.33M | 749.48K | +29.03% | 139.79M |
| FIRST TRUST ADVISORS LP | 3.20M | 394.59K | +14.07% | 134.21M |
| NEUBERGER BERMAN GROUP LLC | 3.11M | 946.00K | +43.67% | 130.23M |
| STATE STREET CORP | 3.06M | 154.19K | +5.30% | 128.51M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.00M | 111.22K | +3.86% | 125.71M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.95M | 1.54M | +109.26% | 123.76M |
| PENSERRA CAPITAL MANAGEMENT LLC | 2.52M | -371.14K | -12.84% | 105.75M |
| BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. | 2.42M | 260.29K | +12.07% | 101.41M |
| CLEARBRIDGE INVESTMENTS, LLC | 2.34M | -25.73K | -1.09% | 97.98M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 2.27M | 115.57K | +5.36% | 95.27M |
| AMERICAN CAPITAL MANAGEMENT INC | 2.24M | -86.67K | -3.72% | 94.06M |
| STEPHENS INVESTMENT MANAGEMENT GROUP LLC | 2.16M | 166.15K | +8.34% | 90.59M |
| GOLDMAN SACHS GROUP INC | 1.89M | -311.17K | -14.14% | 79.26M |
| UBS GROUP AG | 1.70M | 1.05M | +163.05% | 71.14M |
| JPMORGAN CHASE & CO | 1.73M | 305.34K | +21.36% | 69.96M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 1.61M | 41.66K | +2.65% | 67.66M |
| CADIAN CAPITAL MANAGEMENT, LP | 1.59M | 1.59M | New | 66.54M |
| AQR CAPITAL MANAGEMENT LLC | 1.58M | 464.49K | +41.79% | 66.13M |
| NUVEEN, LLC | 1.47M | 1.17M | +386.46% | 61.74M |
| CLAL INSURANCE ENTERPRISES HOLDINGS LTD | 1.46M | 0 | 0.00% | 61.26M |
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