Varonis Systems (NASDAQ:VRNS) Price Target Raised to $55.00

Varonis Systems (NASDAQ:VRNS) had its price objective hoisted by Needham & Company LLC from $50.00 to $55.00 in a research note released on Wednesday morning, Marketbeat.com reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also commented on the company. Wedbush reiterated an “outperform” rating and issued a $37.00 target price on shares of Varonis Systems in a research report on Wednesday, June 24th. UBS Group lifted their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Robert W. Baird upped their price objective 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. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company boosted their target price on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.79.

Varonis Systems Price Performance

Shares of VRNS opened at $45.12 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The company’s fifty day moving average price is $44.24 and its 200-day moving average price is $33.67. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The firm has a market capitalization of $5.18 billion, a PE ratio of -36.68 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company 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 firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, equities research analysts predict that Varonis Systems will post -0.97 EPS for the current year.

Institutional Trading of Varonis Systems

A number of hedge funds have recently added to or reduced their stakes in VRNS. Sequoia Financial Advisors LLC acquired a new stake in Varonis Systems during the second quarter valued at $204,000. WINTON GROUP Ltd purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $306,000. Engineers Gate Manager LP acquired a new stake in shares of Varonis Systems during the 2nd quarter valued at about $1,441,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Varonis Systems during the 2nd quarter valued at about $276,000. Finally, Allworth Financial LP increased its stake in shares of Varonis Systems by 66.1% in the 2nd quarter. Allworth Financial LP now owns 4,542 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,807 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other 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.