How to Buy Varonis Systems Stock
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.
Varonis Systems stock last closed at $30.35, down 0.62% from the previous day, and has increased 12.62% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.06 percentage points. Varonis Systems stock is currently +94.43% from its 52-week low of $15.61, and -7.02% from its 52-week high of $32.64.
At the moment, there are 109.65M VRNS shares outstanding. The market value of VRNS is $3.33B. In the past 24 hours, 568,969 VRNS shares were traded.
How to Buy Varonis Systems Stock
Wondering how to invest in Varonis Systems stock? Here's how.
- Decide where to buy Varonis Systems stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Varonis Systems stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your info.
- Analyze Varonis Systems stock: The Varonis Systems ticker symbol is VRNS. Is Varonis Systems stock a good investment? Should you buy shares of VRNS? How do VRNS's underlying business fundamentals look? Do top analysts think Varonis Systems is a good buy? Why has VRNS's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if VRNS is a good stock to buy).
- Execute your VRNS buy order: Decide if you will purchase VRNS shares at the current market price or use a limit order to buy VRNS stock at a specific price.
- Get the latest scoop on your VRNS position: Create a watchlist to keep track of your new investment in Varonis Systems stock.
Step 1: Decide where to buy Varonis Systems stock
You need a brokerage account in order to access the NASDAQ market and buy VRNS shares.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal information so you can buy VRNS today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to create your new trading account.
- Send your details by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing money into your new investment account.
Step 4: Analyze Varonis Systems stock
After you have selected the best place to buy Varonis Systems stock, it's very important to analyze their stock before you invest, so you actually comprehend the risk and opportunity.
Varonis Systems Numbers
Varonis Systems Fundamentals
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on VRNS's stock page.
Is VRNS stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge VRNS's intrinsic value.
Using relative valuations methods:
- VRNS could be undervalued based on its P/B ratio of 7.07x, relative to Software - Infrastructure industry P/B ratio of 11x
You can access more valuation analysis on VRNS's stock here.
How do VRNS Financials look?
Passed Financial Due Diligence Checks:
- VRNS profit margin has gone up from -30.7% to -23.8% in the past year.
- There are more short-term assets than short-term liabilities on the VRNS balance sheet.
- There are more short-term assets than long-term liabilities on the VRNS balance sheet.
- Total VRNS debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- VRNS earnings of -$118.41M is not enough to cover its interest payments.
- VRNS's operating cash flow of $44.43M allows it to safely service it's debt of $303.28M.
- VRNS has a relatively high debt to equity ratio of 1.2.
Is Varonis Systems stock a Buy, Hold, or Sell, according to analysts?
Out of 13 sell side analysts who give forecasts on VRNS, the consensus analyst rating on VRNS is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest VRNS Analyst Ratings
Fatima Boolani, a top 13% analyst from Citigroup maintains VRNS with a hold rating and raises their VRNS price target from $27.00 to $32.00, on Aug 30, 2023.
Erik Suppiger, a top 9% analyst from JMP Securities reiterates VRNS with a buy rating and maintains their VRNS price target from $63.00 to $63.00, on Aug 2, 2023.
Rishi Jaluria, a bottom 2% analyst from DA Davidson maintains VRNS with a strong buy rating and raises their VRNS price target from $30.00 to $35.00, on Aug 1, 2023.
Hamza Fodderwala, a bottom 24% analyst from Morgan Stanley maintains VRNS with a hold rating and raises their VRNS price target from $24.00 to $34.00, on Aug 1, 2023.
Brian Colley, a top 28% analyst from Stephens & Co. reiterates VRNS with a strong buy rating and maintains their VRNS price target from $32.00 to $32.00, on Aug 1, 2023.
You can dive deeper into what analysts are saying on the Varonis Systems stock forecast page.
Metrics for Advanced VRNS Traders
VRNS Growth Metrics
Last year, VRNS revenue was $488.68M. In the past 5 year, VRNS's revenue has grown by 15.08% per year. This was slower than the Software - Infrastructure industry average of 17.11%.
Learn more about VRNS's earnings and revenue performance here.
Are VRNS executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at VRNS have sold more shares than they have bought.
David Bass, EVP Engineering CTO of VRNS, was the latest VRNS insider to sell. They sold $1,003,340.00 worth of VRNS shares on Aug 22, 2023.
Learn more about who owns VRNS stock here.
Can I get consistent income from VRNS stock?
No, Varonis Systems doesn't provide an income stream by paying out dividends.
VRNS Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your VRNS buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your VRNS position
Now that you own some VRNS shares, you'll want to stay up-to-date on your new investment.
Create a watchlist to get alerted to the latest events about your VRNS stock.
VRNS Feed
How to Buy Stock in Varonis Systems
To summarize, here are the 6 steps to buy Varonis Systems stock:
- Decide where to buy Varonis Systems stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Analyze Varonis Systems stock
- Execute your VRNS buy order
- Get the latest scoop on your VRNS position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Varonis Systems, create a watchlist today.
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