Varonis Systems (NASDAQ:VRNS) Upgraded by Wedbush to “Hold” Rating

Varonis Systems (NASDAQ:VRNS) was upgraded by analysts at Wedbush to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other research analysts have also recently issued research reports about the company. B. Riley Financial increased their target price on Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, July 24th. KeyCorp began coverage on Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating for the company. Stephens upgraded 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 report on Wednesday, June 24th. Truist Financial increased their price objective on Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, UBS Group increased their price objective on Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.79.

Varonis Systems Trading Down 0.8%

Shares of Varonis Systems stock opened at $45.12 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.90. The firm has a market cap of $5.18 billion, a PE ratio of -36.68 and a beta of 0.82. The company has a 50 day simple moving average of $44.24 and a two-hundred day simple moving average of $33.67.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly 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. The firm had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Analysts expect that Varonis Systems will post -0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Varonis Systems in the 1st quarter worth approximately $233,000. Caxton Associates LLP purchased a new stake in Varonis Systems during the 1st quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Varonis Systems by 11.7% during the 1st 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 buying an additional 64,636 shares during the period. Russell Investments Group Ltd. grew its holdings in Varonis Systems by 2.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after acquiring an additional 628 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Varonis Systems by 8.6% in the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after acquiring an additional 7,618 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

About Varonis Systems

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.