Varonis Systems (NASDAQ:VRNS) Trading Up 10.2% – What’s Next?

Varonis Systems, Inc. (NASDAQ:VRNS)’s stock price was up 10.2% on Wednesday . The company traded as high as $42.48 and last traded at $46.6770. 432,417 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 2,498,551 shares. The stock had previously closed at $42.35.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VRNS. Wedbush reissued an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a report on Wednesday, June 24th. Rosenblatt Securities reiterated a “buy” rating and set a $55.00 target price on shares of Varonis Systems in a research report on Wednesday, July 29th. TD Cowen increased their price target on shares of Varonis Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird raised their price target on shares of Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Stock Up 10.4%

The firm’s 50-day simple moving average is $43.40 and its 200 day simple moving average is $32.56. The company has a market cap of $5.37 billion, a P/E ratio of -38.15 and a beta of 0.82. 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 results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue 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. On average, research analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems in the 1st quarter valued at approximately $233,000. Caxton Associates LLP bought a new stake in Varonis Systems in the first quarter valued at approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after purchasing an additional 64,636 shares during the period. Russell Investments Group Ltd. raised its holdings in Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 628 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Varonis Systems by 8.6% during the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after purchasing an additional 7,618 shares in 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.