Varonis Systems’ (VRNS) Hold Rating Reiterated at Needham & Company LLC

Varonis Systems (NASDAQ:VRNS)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports.

VRNS has been the topic of a number of other reports. TD Cowen raised their price objective on Varonis Systems from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on Varonis Systems from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Wedbush restated a “neutral” rating and set a $46.00 target price on shares of Varonis Systems in a report on Friday, September 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a research report on Tuesday, September 8th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and an average price target of $50.55.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $47.34 on Friday. The stock’s 50-day simple moving average is $45.71 and its two-hundred day simple moving average is $37.89. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.80. 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 posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) 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 analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, equities research analysts predict that Varonis Systems will post -0.95 earnings per share for the current year.

Hedge Funds Weigh In On Varonis Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in Varonis Systems by 417.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 89,971 shares of the technology company’s stock valued at $4,269,000 after purchasing an additional 72,577 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Varonis Systems in the third quarter worth about $247,000. Sequoia Financial Advisors LLC purchased a new position in Varonis Systems in the second quarter worth about $204,000. WINTON GROUP Ltd bought a new position in shares of Varonis Systems in the second quarter worth approximately $306,000. Finally, Engineers Gate Manager LP bought a new position in shares of Varonis Systems in the second quarter worth approximately $1,441,000. Institutional investors own 95.65% of the company’s stock.

Trending Headlines about Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Proofpoint will pay $49.75 per Varonis share in cash, giving investors a clear takeover valuation and reducing exposure to the company’s standalone operating risks. The announcement drove buying interest in VRNS. Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
• Positive Sentiment: The transaction represents a substantial premium to Varonis’s unaffected trading price and could provide shareholders with near-term value realization, subject to customary closing conditions and approvals. Varonis stock climbs on $6.3 billion Proofpoint deal
• Neutral Sentiment: Before the acquisition announcement, Wells Fargo raised its Varonis price target from $48 to $53 and maintained an “overweight” rating, indicating analysts saw additional value in the business. However, the agreed cash consideration is now the primary reference point for the stock. Wells Fargo raises Varonis price target
• Negative Sentiment: Ademi LLP and Halper Sadeh LLP announced investigations into whether the $49.75-per-share offer fairly values Varonis, whether directors adequately protected shareholders, and whether insiders received preferential benefits. These reviews could create deal-related uncertainty or delay completion, although such announcements do not necessarily indicate that the transaction will be blocked. Ademi LLP investigates Varonis buyout

About Varonis Systems

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.