Varonis Systems (NASDAQ:VRNS – Get Free Report)‘s stock had its “equal weight” rating reaffirmed by analysts at Barclays in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $50.00 price objective on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 2.64% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Truist Financial cut Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Friday. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a report on Wednesday, July 29th. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $45.00 in a report on Wednesday, June 24th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Varonis Systems in a research note on Friday. Finally, Weiss Ratings downgraded Varonis Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. Six analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.94.
Get Our Latest Analysis on Varonis Systems
Varonis Systems Price Performance
VRNS stock traded down $0.01 during trading on Monday, reaching $48.72. 2,267,678 shares of the company were exchanged, compared to its average volume of 2,582,367. The company has a 50-day moving average of $45.81 and a two-hundred day moving average of $38.08. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -39.61 and a beta of 0.77. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65.
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 during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $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 analysts predict that Varonis Systems will post -0.95 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Varonis Systems by 417.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 89,971 shares of the technology company’s stock worth $4,269,000 after acquiring an additional 72,577 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Varonis Systems in the 3rd quarter worth about $247,000. Sequoia Financial Advisors LLC bought a new position in shares of Varonis Systems in the 2nd quarter worth about $204,000. WINTON GROUP Ltd bought a new position in shares of Varonis Systems in the 2nd quarter worth about $306,000. Finally, Engineers Gate Manager LP bought a new position in shares of Varonis Systems in the 2nd quarter worth about $1,441,000. 95.65% of the stock is owned by institutional investors.
More Varonis Systems News
Here are the key news stories impacting Varonis Systems this week:
- Positive Sentiment: The proposed Proofpoint acquisition provides valuation support and creates a potential path for shareholders to realize value at the deal price. Analysts have described the stock as reasonably valued, with one estimate suggesting it may still be about 4% undervalued. Varonis Stock May Be Reasonable on Its Buyout Deal Varonis Systems Could Be 4% Undervalued
- Positive Sentiment: Wedbush raised its price target, and a Citigroup analyst indicated that VRNS shares could rise, offering some offset to the broader analyst caution. Wedbush also said the deal could signal additional cybersecurity merger-and-acquisition activity. Wedbush Price Target Boost Citigroup Analyst View
- Neutral Sentiment: Trading volume was unusually high following analyst activity, indicating elevated investor attention as the market evaluates the Proofpoint transaction. Unusually High Trading Volume
- Negative Sentiment: Analysts are broadly removing bullish ratings after the buyout announcement. Barclays, Truist, Rosenblatt, Wells Fargo, TD Cowen, Jefferies, Needham, RBC Capital, B. Riley, DA Davidson and Piper Sandler either downgraded VRNS or reaffirmed neutral/hold ratings. The changes suggest limited upside beyond the transaction value and may pressure the shares. Truist Downgrade Barclays Downgrade RBC Capital Downgrade
About Varonis Systems
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.
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