Varonis Systems, Inc. (NASDAQ:VRNS) Receives $49.79 Average Price Target from Brokerages

Shares of Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.7895.

Several research firms have weighed in on VRNS. Susquehanna upped their price target on Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. B. Riley Financial boosted their target price on shares of Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Wedbush reiterated a “neutral” rating and issued a $46.00 price target on shares of Varonis Systems in a report on Friday, September 11th. Finally, New Street Research reiterated a “buy” rating on shares of Varonis Systems in a research note on Wednesday, July 29th.

Get Our Latest Research Report on VRNS

Hedge Funds Weigh In On Varonis Systems

Institutional investors have recently added to or reduced their stakes in the company. American Capital Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $94,062,000. Geode Capital Management LLC raised its stake in Varonis Systems by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 151,961 shares in the last quarter. Clearbridge Investments LLC raised its stake in Varonis Systems by 12.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,544,180 shares of the technology company’s stock valued at $83,449,000 after purchasing an additional 273,781 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Varonis Systems by 43.4% during the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock valued at $67,029,000 after purchasing an additional 944,676 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Varonis Systems in the 2nd quarter worth $61,262,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $47.29 on Friday. The business’s 50-day simple moving average is $44.48 and its two-hundred day simple moving average is $34.97. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The stock has a market cap of $5.43 billion, a PE ratio of -38.45 and a beta of 0.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02.

Varonis Systems (NASDAQ:VRNSGet Free Report) last released its quarterly earnings data 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 firm had revenue of $180.02 million during 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%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. As a group, analysts forecast that Varonis Systems will post -0.96 EPS for the current fiscal year.

About Varonis Systems

(Get Free Report)

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.

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Analyst Recommendations for Varonis Systems (NASDAQ:VRNS)

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