Jupiter Topco LLC Buys Shares of 140,714 Varonis Systems, Inc. $VRNS

Jupiter Topco LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 140,714 shares of the technology company’s stock, valued at approximately $5,904,000.

Several other institutional investors and hedge funds also recently modified their holdings of VRNS. Hsbc Holdings PLC acquired a new position in shares of Varonis Systems during the second quarter valued at $1,403,000. Canada Pension Plan Investment Board bought a new position in Varonis Systems in the 2nd quarter valued at about $562,000. Castleark Management LLC bought a new position in Varonis Systems in the 2nd quarter valued at about $1,928,000. Nicholas Investment Partners LP acquired a new position in Varonis Systems during the 2nd quarter valued at about $2,897,000. Finally, Legal & General Group Plc bought a new stake in shares of Varonis Systems during the 2nd quarter worth about $3,998,000. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRNS. Piper Sandler upped their price target on shares of Varonis Systems from $47.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Weiss Ratings raised Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Citigroup increased their price target on Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Wedbush reiterated an “outperform” rating and set a $37.00 price target on shares of Varonis Systems in a research report on Wednesday, June 24th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.05.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $43.77 on Tuesday. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $63.90. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $43.26 and a 200-day moving average of $32.44. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -35.59 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. During the same period in the previous year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. 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. Analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

About Varonis Systems

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.