Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Varonis Systems (NASDAQ:VRNS) had its price objective raised by investment analysts at Needham & Company LLC from $36.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 22.29% from the company’s current price.

Several other research firms have also weighed in on VRNS. Wells Fargo & Company upped their target price on shares of Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wedbush lifted their price target on shares of Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. UBS Group boosted their price target on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. DA Davidson upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna lifted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $41.55.

Varonis Systems Stock Down 2.0%

NASDAQ VRNS opened at $32.71 on Tuesday. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -28.69 and a beta of 0.89. The stock’s 50 day moving average is $29.18 and its two-hundred day moving average is $28.54. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The business had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. The firm’s revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities analysts forecast that Varonis Systems will post -1.04 earnings per share for the current fiscal year.

Institutional Trading of Varonis Systems

A number of hedge funds and other institutional investors have recently modified their holdings of VRNS. Allworth Financial LP boosted its position in Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Varonis Systems during the third quarter valued at $42,000. Signaturefd LLC boosted its holdings in Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after acquiring an additional 322 shares during the last quarter. CI Investments Inc. boosted its stake in shares of Varonis Systems by 48.5% in the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after purchasing an additional 343 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Varonis Systems in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.