Rosenblatt Securities upgraded shares of Varonis Systems (NASDAQ:VRNS – Free Report) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.
Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Varonis Systems in a research report on Monday, May 4th. B. Riley Financial decreased their price target on Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Barclays upped their price target on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Citigroup upped their price target on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and an average target price of $41.35.
Get Our Latest Stock Report on VRNS
Varonis Systems Price Performance
Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. Varonis Systems’s revenue for the quarter 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. Research analysts predict that Varonis Systems will post -1.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VRNS. Stephens Inc. AR increased its stake in Varonis Systems by 1.9% in the third quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock worth $523,000 after purchasing an additional 171 shares during the period. Arizona State Retirement System increased its stake in Varonis Systems by 0.9% in the third quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 287 shares during the period. Signaturefd LLC increased its stake in 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 period. Savant Capital LLC increased its stake in Varonis Systems by 1.7% in the third quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 339 shares during the period. Finally, CI Investments Inc. increased its stake in 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 period. 95.65% of the stock is currently owned by institutional investors.
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.
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