Varonis Systems (NASDAQ:VRNS – Get Free Report)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a report released on Monday, MarketBeat reports. They presently have a $50.00 target price on the technology company’s stock. Barclays‘s target price suggests a potential upside of 2.66% from the stock’s previous close.
VRNS has been the topic of a number of other reports. DA Davidson reissued a “neutral” rating and issued a $49.75 price objective (down from $55.00) on shares of Varonis Systems in a research note on Friday. TD Cowen cut shares of Varonis Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $56.00 to $49.75 in a research report on Friday. Rosenblatt Securities downgraded shares of Varonis Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $49.75 in a report on Friday. Robert W. Baird upped their price target on shares of Varonis Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Friday. Finally, Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Varonis Systems has a consensus rating of “Hold” and an average target price of $50.94.
Read Our Latest Report on VRNS
Varonis Systems Price Performance
VRNS stock traded down $0.02 during midday trading on Monday, hitting $48.71. 453,965 shares of the stock were exchanged, compared to its average volume of 2,572,521. The stock’s 50-day moving average price is $45.81 and its 200-day moving average price is $38.08. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -39.56 and a beta of 0.77. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week high of $63.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. During the same period in the previous year, the business earned $0.03 earnings per share. Varonis Systems’s quarterly revenue was up 18.3% compared to the same quarter last year. 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. Research analysts predict that Varonis Systems will post -0.95 earnings per share for the current year.
Institutional Trading of Varonis Systems
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its stake in shares of Varonis Systems by 417.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 89,971 shares of the technology company’s stock worth $4,269,000 after purchasing an additional 72,577 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Varonis Systems in the third quarter valued at approximately $247,000. Sequoia Financial Advisors LLC acquired a new position in shares of Varonis Systems in the second quarter valued at approximately $204,000. WINTON GROUP Ltd purchased a new position in shares of Varonis Systems during the second quarter valued at approximately $306,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Varonis Systems during the second quarter valued at approximately $1,441,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.
Key Headlines Impacting Varonis Systems
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
Varonis Systems Company Profile
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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