Analysts Set Varonis Systems, Inc. (NASDAQ:VRNS) PT at $42.15

Varonis Systems, Inc. (NASDAQ:VRNS) has received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.15.

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised their target price on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. DA Davidson increased their price objective on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $45.00 in a research note on Wednesday, June 24th. Finally, UBS Group boosted their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th.

Varonis Systems Stock Down 2.8%

Shares of NASDAQ VRNS traded down $1.28 during trading hours on Friday, hitting $44.53. The stock had a trading volume of 1,315,888 shares, compared to its average volume of 2,419,876. The firm’s 50-day moving average price is $34.22 and its two-hundred day moving average price is $29.49. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a market capitalization of $5.11 billion, a P/E ratio of -39.06 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. 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. Analysts anticipate that Varonis Systems will post -1.04 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Varonis Systems in the 1st quarter worth $233,000. Caxton Associates LLP acquired a new position in Varonis Systems during the 1st quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Varonis Systems by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after acquiring an additional 64,636 shares during the period. Russell Investments Group Ltd. boosted its holdings in Varonis Systems by 2.8% during the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 628 shares during the period. Finally, Invesco Ltd. grew its position in shares of Varonis Systems by 8.6% in the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock valued at $4,899,000 after purchasing an additional 7,618 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.