Connors Investor Services Inc. Buys 35,292 Shares of Varonis Systems, Inc. $VRNS

Connors Investor Services Inc. grew its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 48.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,682 shares of the technology company’s stock after buying an additional 35,292 shares during the period. Connors Investor Services Inc.’s holdings in Varonis Systems were worth $3,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares during the period. Neo Ivy Capital Management bought a new position in shares of Varonis Systems in the third quarter worth approximately $42,000. Westside Investment Management Inc. increased its position in shares of Varonis Systems by 100.0% in the third quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after purchasing an additional 422 shares during the last quarter. Signaturefd LLC increased its position in shares of Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after purchasing an additional 322 shares during the last quarter. Finally, CI Investments Inc. increased its position in shares of Varonis Systems by 48.5% in the third quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock worth $60,000 after purchasing an additional 343 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VRNS shares. Morgan Stanley restated an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Varonis Systems in a research report on Monday, January 26th. DA Davidson upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays upped their price objective on shares of Varonis Systems from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.35.

Varonis Systems Stock Up 1.1%

Shares of VRNS opened at $31.00 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of -27.19 and a beta of 0.80. The stock has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $28.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. On average, analysts forecast that Varonis Systems, Inc. will post -1.05 earnings per share for the current fiscal year.

Varonis Systems Profile

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.