Varonis Systems (NASDAQ:VRNS) Stock Price Target Raised at Wells Fargo & Company

Varonis Systems (NASDAQ:VRNS) had its price objective increased by stock analysts at Wells Fargo & Company from $48.00 to $53.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 12.55% from the company’s current price.

A number of other research firms have also weighed in on VRNS. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $45.00 in a research note on Wednesday, June 24th. Rosenblatt Securities reissued a “buy” rating and set a $55.00 target price on shares of Varonis Systems in a research note on Wednesday, July 29th. Piper Sandler boosted their price target on Varonis Systems from $47.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings cut Varonis Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. Finally, Citigroup upped their price target on Varonis Systems from $30.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.11.

Varonis Systems Price Performance

Shares of VRNS traded up $0.03 during trading hours on Thursday, reaching $47.09. 170,286 shares of the stock traded hands, compared to its average volume of 2,401,695. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.80. The company’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $37.70. The company has a market cap of $5.41 billion, a P/E ratio of -38.54 and a beta of 0.77.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. Varonis Systems’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. On average, analysts anticipate that Varonis Systems will post -0.95 earnings per share for the current year.

Institutional Trading of Varonis Systems

Several hedge funds have recently bought and sold shares of VRNS. Quantinno Capital Management LP lifted its position in Varonis Systems by 59.0% during the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Varonis Systems by 218.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock worth $30,262,000 after buying an additional 966,817 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Varonis Systems by 17.1% in the 1st quarter. Bank of New York Mellon Corp now owns 552,203 shares of the technology company’s stock worth $11,856,000 after buying an additional 80,743 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Varonis Systems by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company’s stock worth $2,839,000 after buying an additional 24,775 shares during the last quarter. Finally, Trillium Asset Management LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter valued at about $3,477,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.