Varonis Systems, Inc. (NASDAQ:VRNS – Get Free Report) shot up 7.2% during trading on Thursday . The stock traded as high as $44.03 and last traded at $44.40. Approximately 94,966 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,518,899 shares. The stock had previously closed at $41.40.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on VRNS shares. New Street Research restated a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Susquehanna lifted their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. UBS Group boosted their price target on Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Stephens upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $45.00 in a report on Wednesday, June 24th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average target price of $49.05.
View Our Latest Report on VRNS
Varonis Systems Stock Up 6.9%
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm 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 firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last 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. As a group, research analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.
Institutional Trading of Varonis Systems
A number of large investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its stake in Varonis Systems by 5.5% during the second quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock valued at $340,000 after buying an additional 351 shares in the last quarter. Amundi increased its position in shares of Varonis Systems by 0.7% in the third quarter. Amundi now owns 52,886 shares of the technology company’s stock worth $3,212,000 after acquiring an additional 387 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Varonis Systems by 10.5% in the second quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company’s stock worth $234,000 after acquiring an additional 440 shares in the last quarter. Xponance LLC raised its holdings in shares of Varonis Systems by 6.2% during the fourth quarter. Xponance LLC now owns 9,212 shares of the technology company’s stock valued at $302,000 after acquiring an additional 539 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of Varonis Systems by 0.5% during the third quarter. Focus Partners Wealth now owns 111,210 shares of the technology company’s stock valued at $6,351,000 after acquiring an additional 546 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.
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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