Varonis Systems, Inc. (NASDAQ:VRNS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $49.79.

Several equities research analysts recently commented on VRNS shares. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Citigroup lifted their target price on shares of Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Susquehanna boosted their target price on shares of Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. Rosenblatt Securities restated a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a report on Tuesday, September 8th.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $47.95 on Friday. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -38.98 and a beta of 0.82. Varonis Systems has a 1 year low of $19.70 and a 1 year 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 business has a fifty day simple moving average of $44.52 and a 200 day simple moving average of $35.31.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.04 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 for the quarter, compared to the consensus estimate of $176.83 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. 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, sell-side analysts predict that Varonis Systems will post -0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors have recently bought and sold shares of VRNS. Fideuram Asset Management Ireland dac bought a new position in shares of Varonis Systems in the fourth quarter valued at approximately $2,784,000. Quantinno Capital Management LP lifted its stake in shares of Varonis Systems by 59.0% in the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company’s stock worth $1,650,000 after buying an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Varonis Systems by 218.4% during 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 period. California State Teachers Retirement System grew its stake in 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 valued at $2,839,000 after buying an additional 24,775 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in 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 valued at $11,856,000 after buying an additional 80,743 shares during the last quarter. 95.65% of the stock is currently 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.