Varonis Systems (NASDAQ:VRNS) Stock Rating Cut to “Hold” at Piper Sandler

Posted by George Bondi on Oct 17th, 2026

Varonis Systems (NASDAQ:VRNS – Get Free Report) was downgraded by stock analysts at Piper Sandler from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other research firms also recently issued reports on VRNS. Citigroup upped their price target on shares of Varonis Systems from $45.00 to $49.75 and gave the company a “neutral” rating in a research note on Friday. Susquehanna upped 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. increased their target price on Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. B. Riley Financial downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial increased their target price on shares of Varonis Systems from $34.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.94.

Check Out Our Latest Research Report on Varonis Systems

Varonis Systems Price Performance

Varonis Systems stock traded up $1.38 during midday trading on Thursday, reaching $48.72. 36,254,825 shares of the stock traded hands, compared to its average volume of 1,595,944. The stock’s fifty day moving average is $45.81 and its 200-day moving average is $37.96. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.80. The stock has a market cap of $5.60 billion, a P/E ratio of -39.61 and a beta of 0.77. 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:VRNS – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts anticipate that Varonis Systems will post -0.95 EPS for the current year.

Institutional Trading of Varonis Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in shares of Varonis Systems by 4.8% in the fourth quarter. Corient Private Wealth LLC now owns 12,717 shares of the technology company’s stock valued at $417,000 after buying an additional 585 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after acquiring an additional 839 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Varonis Systems by 21.0% in the first quarter. Assetmark Inc. now owns 4,848 shares of the technology company’s stock valued at $104,000 after purchasing an additional 841 shares during the last quarter. Essential Partners LLC increased its stake in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after acquiring an additional 863 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Varonis Systems by 27.3% during the second quarter. Versant Capital Management Inc now owns 4,232 shares of the technology company’s stock worth $178,000 after purchasing an additional 907 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

More Varonis Systems News

Here are the key news stories impacting Varonis Systems this week:

Positive Sentiment: The proposed acquisition removes much of the company-specific uncertainty and offers shareholders a cash consideration above Varonis’s pre-deal trading level. RBC said the combination makes strategic sense as competition in cybersecurity intensifies. RBC on Varonis Acquisition
Neutral Sentiment: Analyst actions largely reflect the announced transaction. Citigroup, Robert W. Baird and Wedbush raised their targets to approximately $49.75-$50, while Piper Sandler, TD Cowen, Jefferies, Wells Fargo, DA Davidson and Rosenblatt reaffirmed neutral, hold or equal-weight ratings with targets near $49.75. These targets imply limited additional upside because they are close to the offer price.
Neutral Sentiment: Unusually heavy options activity included purchases of 7,193 call contracts, about 186% above average call volume, suggesting elevated speculative interest following the deal announcement. However, options activity does not guarantee further gains.
Negative Sentiment: RBC downgraded Varonis to Sector Perform and lowered its target to $49.75 from $52, citing the Proofpoint transaction. With the stock near the cash offer, the remaining upside is limited and depends primarily on deal completion rather than operating performance.
Negative Sentiment: Several shareholder-rights law firms announced investigations into whether the $49.75 offer fairly values Varonis and whether the board adequately protected investors. Such reviews could create transaction uncertainty, although they do not necessarily indicate that the deal will fail. Ademi Varonis Shareholder Alert

Varonis Systems Company Profile

(Get Free Report)

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.