Pallas Capital Advisors LLC Purchases New Position in Varonis Systems, Inc. $VRNS

Pallas Capital Advisors LLC purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 14,895 shares of the technology company’s stock, valued at approximately $625,000.

Several other large investors have also recently added to or reduced their stakes in VRNS. Benjamin Edwards Inc. increased its holdings in shares of Varonis Systems by 5.5% during the second quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock worth $340,000 after buying an additional 351 shares in the last quarter. Amundi boosted its holdings in shares of Varonis Systems by 0.7% in the 3rd quarter. Amundi now owns 52,886 shares of the technology company’s stock worth $3,212,000 after acquiring an additional 387 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Varonis Systems by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company’s stock worth $234,000 after acquiring an additional 440 shares in the last quarter. Xponance LLC grew its position in Varonis Systems by 6.2% during the 4th quarter. Xponance LLC now owns 9,212 shares of the technology company’s stock worth $302,000 after acquiring an additional 539 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Varonis Systems by 0.5% during the 3rd quarter. Focus Partners Wealth now owns 111,210 shares of the technology company’s stock worth $6,351,000 after acquiring an additional 546 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

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Varonis Systems Stock Performance

VRNS stock opened at $42.28 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The company has a 50 day moving average price of $41.84 and a 200 day moving average price of $31.52. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The stock has a market capitalization of $4.86 billion, a PE ratio of -34.37 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last 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. Analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current year.

Analyst Ratings Changes

VRNS has been the subject of several research analyst reports. Truist Financial lifted their price objective on Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Stephens upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $45.00 in a report on Wednesday, June 24th. Susquehanna increased their target price on Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, DA Davidson lifted their price target on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.05.

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Varonis Systems Profile

(Free Report)

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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