Varonis Systems, Inc. (NASDAQ:VRNS) Receives $49.79 Consensus PT from Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have earned a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $49.7895.

A number of brokerages have recently issued reports on VRNS. Susquehanna raised their price objective on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a report on Tuesday, September 8th. New Street Research restated a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. B. Riley Financial lifted their price target on Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Barclays lowered their price objective on Varonis Systems from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Varonis Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Varonis Systems in the second quarter worth about $55,000. EverSource Wealth Advisors LLC raised 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 valued at $29,000 after purchasing an additional 839 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Varonis Systems in the 2nd quarter worth approximately $71,000. Fifth Third Bancorp lifted its holdings in Varonis Systems by 10,694.1% in the 1st 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 period. Finally, Essential Partners LLC grew its position in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after buying an additional 863 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

VRNS stock opened at $47.56 on Friday. The company has a market capitalization of $5.46 billion, a PE ratio of -38.67 and a beta of 0.82. Varonis Systems has a one year low of $19.70 and a one year high of $63.90. The company’s 50 day moving average price is $44.44 and its two-hundred day moving average price is $34.62. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million during 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, analysts predict that Varonis Systems will post -0.96 earnings per share for the current fiscal year.

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.