Harber Asset Management LLC acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 139,385 shares of the technology company’s stock, valued at approximately $4,572,000. Varonis Systems comprises about 1.9% of Harber Asset Management LLC’s holdings, making the stock its 26th biggest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Varonis Systems in the first quarter worth about $233,000. Caxton Associates LLP bought a new stake in shares of Varonis Systems in the first quarter worth about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after purchasing an additional 64,636 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 628 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Varonis Systems by 8.6% in the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after purchasing an additional 7,618 shares during the last quarter. 95.65% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on VRNS shares. Rosenblatt Securities started coverage on Varonis Systems in a research note on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company raised their target price on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. DA Davidson raised their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wedbush raised their target price on Varonis Systems from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their target price on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus price target of $41.35.
Varonis Systems Price Performance
VRNS stock opened at $33.34 on Friday. The firm has a 50 day moving average price of $27.90 and a 200-day moving average price of $28.52. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -29.25 and a beta of 0.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The firm had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. The firm’s revenue was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities research analysts forecast that Varonis Systems, Inc. will post -1.04 EPS for the current fiscal year.
Varonis Systems Company Profile
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.
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