Varonis Systems (NASDAQ:VRNS) Shares Climb 5.4% on Analyst Upgrade

Varonis Systems, Inc. (NASDAQ:VRNS) shares shot up 5.4% on Tuesday after TD Cowen raised their price target on the stock from $53.00 to $56.00. TD Cowen currently has a buy rating on the stock. Varonis Systems traded as high as $48.78 and last traded at $48.8790. Approximately 656,692 shares were traded during trading, a decline of 73% from the average daily volume of 2,413,167 shares. The stock had previously closed at $46.37.

Several other research analysts also recently issued reports on the company. Stephens upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $45.00 in a research report on Wednesday, June 24th. Wedbush restated a “neutral” rating and issued a $46.00 price objective on shares of Varonis Systems in a research report on Friday, September 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Varonis Systems in a research report on Tuesday, September 8th. Citigroup boosted 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. Finally, Needham & Company LLC raised their price target on shares of Varonis Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.95.

Institutional Trading of Varonis Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Varonis Systems in the second quarter worth $55,000. EverSource Wealth Advisors LLC increased its holdings in Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after purchasing an additional 839 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in Varonis Systems in the 2nd quarter valued at $71,000. Fifth Third Bancorp raised its position in Varonis Systems by 10,694.1% in the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,818 shares during the period. Finally, Essential Partners LLC boosted its position in shares of Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after buying an additional 863 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Price Performance

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 has a market cap of $5.61 billion, a PE ratio of -39.71 and a beta of 0.77. The company has a 50-day moving average price of $45.43 and a two-hundred day moving average price of $37.33.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. Varonis Systems’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company 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. Sell-side analysts expect that Varonis Systems, Inc. will post -0.96 earnings per share for the current fiscal year.

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.