Varonis Systems (NASDAQ:VRNS) Price Target Lowered to $28.00 at Barclays

Varonis Systems (NASDAQ:VRNS) had its price target cut by equities researchers at Barclays from $38.00 to $28.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 32.46% from the company’s previous close.

VRNS has been the subject of a number of other research reports. Truist Financial decreased their price objective on shares of Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company started coverage on Varonis Systems in a report on Tuesday, March 3rd. They set an “overweight” rating and a $28.00 target price for the company. B. Riley Financial lowered their price target on Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. DA Davidson raised Varonis Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $30.00 in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada decreased their price objective on Varonis Systems from $60.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Varonis Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.89.

Varonis Systems Stock Up 4.7%

NASDAQ:VRNS opened at $21.14 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. The company’s fifty day moving average price is $23.63 and its 200-day moving average price is $34.59. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The firm has a market capitalization of $2.48 billion, a P/E ratio of -18.46 and a beta of 0.68.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. The company had revenue of $173.37 million for the quarter, compared to the consensus estimate of $168.66 million. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. As a group, equities research analysts anticipate that Varonis Systems will post -0.83 EPS for the current year.

Insiders Place Their Bets

In related news, Director Avrohom J. Kess purchased 17,800 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $22.29 per share, for a total transaction of $396,762.00. Following the purchase, the director directly owned 49,403 shares of the company’s stock, valued at $1,101,192.87. The trade was a 56.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Bass purchased 2,980 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of $23.47 per share, for a total transaction of $69,940.60. Following the transaction, the executive vice president directly owned 1,042,924 shares in the company, valued at $24,477,426.28. This trade represents a 0.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 25,780 shares of company stock valued at $579,403. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Varonis Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Varonis Systems during the 4th quarter worth approximately $48,263,000. First Trust Advisors LP increased its position in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after buying an additional 1,279,002 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after buying an additional 1,084,267 shares in the last quarter. Norges Bank acquired a new stake in shares of Varonis Systems during the fourth quarter worth $28,811,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Varonis Systems by 166.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after purchasing an additional 850,000 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.