Varonis Systems (NASDAQ:VRNS) Stock Price Up 7.2% – Here’s What Happened

Varonis Systems, Inc. (NASDAQ:VRNS) shot up 7.2% on Thursday . The stock traded as high as $44.03 and last traded at $44.40. 94,966 shares changed hands during trading, a decline of 96% from the average session volume of 2,518,899 shares. The stock had previously closed at $41.40.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna increased their target price on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Wedbush reiterated an “outperform” rating and set a $37.00 price target on shares of Varonis Systems in a report on Wednesday, June 24th. Citigroup increased their price objective on Varonis Systems from $30.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company raised their price objective on Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, KeyCorp began coverage on Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Price Performance

The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $42.60 and its two-hundred day moving average price is $32.04. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of -36.00 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter last year, the firm earned $0.03 earnings per share. 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 anticipate that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Several institutional investors have recently made changes to their positions in VRNS. Vanguard Group Inc. raised its position in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after acquiring an additional 822,925 shares in the last quarter. California State Teachers Retirement System lifted its stake in Varonis Systems by 4,095.8% in the second quarter. California State Teachers Retirement System now owns 5,547,532 shares of the technology company’s stock valued at $232,774,000 after acquiring an additional 5,415,317 shares during the last quarter. First Trust Advisors LP grew its position in Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. RGM Capital LLC grew its position in Varonis Systems by 17.1% in the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock worth $103,651,000 after acquiring an additional 460,580 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after purchasing an additional 944,676 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.