Castleark Management LLC Invests $1.93 Million in Varonis Systems, Inc. $VRNS

Posted by Francis Steltz on Aug 27th, 2026

Castleark Management LLC bought a new stake in Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 45,950 shares of the technology company’s stock, valued at approximately $1,928,000.

Several other hedge funds have also modified their holdings of the stock. Nicholas Investment Partners LP purchased a new stake in shares of Varonis Systems during the 2nd quarter valued at about $2,897,000. Legal & General Group Plc purchased a new position in Varonis Systems in the 2nd quarter worth approximately $3,998,000. The Manufacturers Life Insurance Company purchased a new position in Varonis Systems in the 2nd quarter worth approximately $2,417,000. Algert Global LLC acquired a new stake in Varonis Systems in the second quarter valued at approximately $5,780,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in Varonis Systems in the second quarter valued at approximately $61,262,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VRNS has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Susquehanna raised their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Varonis Systems in a report on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $49.05.

Check Out Our Latest Stock Report on VRNS

Varonis Systems Stock Performance

Shares of VRNS opened at $41.40 on Thursday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of -33.66 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $42.60 and its two-hundred day moving average is $32.04. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. 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. Analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Varonis Systems Company Profile

(Free Report)

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.