Varonis Systems (NASDAQ:VRNS) Price Target Raised to $50.00

Varonis Systems (NASDAQ:VRNS) had its price objective lifted by Wells Fargo & Company from $35.00 to $50.00 in a research report sent to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

VRNS has been the topic of a number of other reports. Royal Bank Of Canada increased their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $33.00 to $45.00 in a research note on Wednesday, June 24th. William Blair reaffirmed a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Finally, KeyCorp started coverage on Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.90.

Varonis Systems Stock Performance

Shares of VRNS opened at $45.33 on Monday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of -39.76 and a beta of 0.83. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average price of $37.28 and a 200 day moving average price of $30.22.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $173.13 million for 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 company’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. Research analysts predict that Varonis Systems will post -1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after purchasing an additional 839 shares during the last quarter. Signaturefd LLC raised its holdings in shares of 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 buying an additional 322 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Varonis Systems during the fourth quarter worth about $37,000. Fifth Third Bancorp grew its holdings in shares of Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after buying an additional 1,818 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after buying an additional 463 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

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.